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Monday, April 21, 2008

Binani Cement board recommends 25% dividend


The board of directors of  Binani Cement at its meeing held on Apr.
21, 2008,  recommended declaration of dividend of 25% (Rs 2.50 per
equity share) subject to requisire approvals.

The company is engaged in the manufacture of ordinary portland cement
(OPC) and portland pozzolana cement (PPC). The company produces OPC-43
grade, OPC-53 grade, and portland pozzolana cement (PPC). Its fully-
integrated cement plant is strategically located at Binanigram in
Rajasthan with its own captive limestone mines and captive power
plant. It currently has a capacity of 2.25 MTPA. The plant capacity,
through expansion and by de-bottlenecking, is set to more than double
to 5.3 MTPA


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