Nelco
declares dividend after 7 years
Business Standard
- June 22, 2002
After
a gap of 7 years, Tata group company Nelco has
declared a 10 per cent dividend for 2001-02. The
satellite communication company returned to the
dividend list having recorded a net profit of
Rs 1.34 crore on sales of Rs 91.33 crore for the
nine months ended March 31, 2002. Mahashur, executive
director, ISG group, and Zal Engineer, executive
director, Tatanet division, said: "This turnaround
is the result of a completion of a large order
in strategic electronics business and due to sustained
improved performance of the Tatanet division".
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