Srikalahasthi Pipes Limited - Board recommends Dividend

Srikalahasthi Pipes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 09, 2016, inter alia, has transacted the following:<BR><BR>1. The Board has recommended a dividend of Rs. 5.0 (50%) per share for the year ended March 31, 2016.<BR><BR>2. The Board has approved a CAPEX of Rs. 80 Crores towards setting up of Ferro Alloys Plant (Rs. 55 Crores) and Double Walled Corrugated (DWC) Plant (Rs. 25 Crores).<BR><BR>3. The Dividend to the eligible shareholders will be paid within 30 days from the date of declaration at the ensuing Annual General Meeting of the Company.