The board of directors of Priyadarshini Spinning Mills Limited, a Hyderabad-based manufacturer in cotton and synthetic yarn, today recommended a dividend of 10 per cent on equity capital of the company for the year ended March, 2006. | |
| The first quarter results for the year 2006-07 reflect a 25 per cent jump in net profits in comparison with the corresponding quarter of the previous year. |
| |
| The key highlight for this quarter was the completion of the first phase of expansion; wherein the capacity of the plant increased from 60,000 spindles to 82,000 spindles. |
| |
| Harish Cherukuri, managing director of Priyadarshini Spinning Mills, said, "We are targeting revenues of Rs 220 crore for this financial year ending March 07." |
| |
|
| |
