Nakoda announces 7% interim dividend
7% interim dividend Profit after tax for the Q2 grew 55.9 per cent at Rs 5.57crores for the year FY 2009
Tweet-- Nakoda Textile Industries Ltd., (BSE: 521030), the largest manufacturers of FDY (Fully Drawn Yarn) has approved 7%interim dividend in their Board meeting which concluded today.
Speaking about this Mr Babubhai Jain , Chairman and Managing Director of Nakoda textile Industries Ltd., said, “Our sales have improved by 6% from the last Quarter, and we are happy to share this result with the investors who put their faith in us.”
Profit after tax for the Q2 grew 55.9 per cent at Rs 5.57crores for the year FY 2009
Recent developments
Acquired 18.5% in Surat Super Yarn Park, Nakoda plans to set up 20 texturing machines with a capacity of 28,800 tonne in the textile park. Investment for the park is estimated at Rs. 108 Crores inclusive of coal based captive power plant of 15 MW at the cost of Rs. 55 Crores.
Nakoda Forays in Wind power, The Wind Power Plant have 9 turbines having aggregate capacity of 6.75 MW. The Wind Power Project has been comissioned at Distt. Tirunelveli in Tamil Nadu.
Notes to Editor
About Nakoda Textile Industries Ltd.
NTIL ranks amongst the largest manufacturers of FDY (Fully Drawn Yarn) with an installed capacity of 19,500 MTPA. An ISO 9001-2000 company, Nakoda Textiles Industries Ltd. has a 3 per cent market share in the POY (Partially Oriented Yarn) segment and 20 per cent share in the FDY segment. For further details, log onto www.nakoda.co.in.
