November 22, 2008

CESC to pay 40% dividend for 2007-08 fiscal

BL reported that the board of directors of CESC Limited has recommended a dividend of 40% on the paid up share capital of the company for the year ended March 31st 2008.

CESC has earned an income of INR 2,904 crore in 2007-08 fiscal up by 12.8% YoY as against INR 2,573 crore in 2006-07 fiscal. The net profit in 2007-08 fiscal stood at INR 627 crore down by 1.5% YoY as compared with INR 637 crore in 2006-07 fiscal.