Binani recommends 25% dividend

Binani recommends 25% dividend
Published: 25 April 2011

Binani Cement Ltd at its meeting of the board of directors held on April 22 has recommended dividend of 25% (INR2.50 per equity share) subject to necessary approval. At the same meeting, the directors agreed in principle to spin off its power division (captive power plants and related assets) into a separate company, subject to necessary approvals and consent.