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Bharat Forge Q4 net up 21.26 pc, recommends dividend

New Delhi, May 22 (UNI) Global supplier of forged and machined components, Bharat Forge Ltd today posted 21.26 per cent jump in its net profit at Rs 64.28 crore for the quarter ended March 2007 as compared to Rs 53.01 crore for the corresponding period last year.

Company's total income increased 18.89 per cent from Rs 452.74 crore for Q4FY06 to Rs 538.27 crore for the same period this year.

For the year ended March 31, 2007, company's net profit rose 16.42 per cent to Rs 240.95 crore as against Rs 206.96 crore for the last fiscal while the total income stood at Rs 1,945.29 crore, up 19.27 per cent against Rs 1,630.95 crore for the previous fiscal.

The company has recommended a dividend of Rs 3.50 per equity share (175 per cent).

UNI

Aircraft components manf unit soon near Bangalore

Bangalore, Dec 18: Bowing to popular demand, an aircraft components manufacturing unit will be set up at Devanahalli on the outskirts of the city at an investment of Rs 6,000 crore, Karnataka Small and Medium Industries Minister Katta Subramanya Naidu said today. Talking to reporters here, he said the State Government had identified 1,200 acres of land just behind the Devanahalli international airport for the purpose. Eight companies from Australia, the.....
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