Unity Infraprojects declares dividend @ 45%

• to raise Rs. 250 crores through QIPs,
• achieves topline growth of 33% at Rs. 1130.79 crores,
• FY 2009 PAT up by 16% to Rs. 69.65 crores.

The Board of Directors of Unity Infraprojects Ltd, (BSE: 532746), one of India’s leading civil engineers, declared dividend at the rate of 45%, i.e., Rs. 4.50 per share. It further convened an AGM on September 1, 2009 for the purpose of raising resources through Qualified Institutional Placements (QIPs) as per SEBI strictures for an amount not exceeding Rs. 250 crores.

The Company posted commendable audited results for the year ending March 31, 2009. The company’s Net Sales for 2009 stands at Rs. 1130.79 crores, as against Rs. 849.54 crores last year. PAT climbed 16% to Rs. 69.65 crores from Rs. 60.04 crores during the same period.

The company posted a PAT of Rs. 20.98 crores for the final quarter of the FY 2009 fiscal, over Rs. 20.24 crores for the same quarter last fiscal. Net Income during the period rose 21% to Rs. 383.63 crores, up from Rs. 317.10 crores in the last fiscal. The consolidated turnover, PAT and EPS for the year ended 31.03.2009 are Rs. 1154.29 crores, Rs. 70.03 crores and Rs. 52.43 respectively.

Announcing the dividend, Mr. Kishore K. Avarsekar, Chairman and Managing Director, Unity Infraprojects Ltd. said, “We are glad to share our success story with our shareholders whose support has been very important to us. We will continue to capture value across the spectrum – EPC, real estate and infrastructure development.”

About Unity Infraprojects Ltd.
Unity Infraprojects Ltd. provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects. Besides civil construction, the company’s project expertise includes transportation engineering, irrigation and water supply projects. Unity is the flagship unit of the Mumbai based KK Group of Companies which has interests across a wide spectrum of businesses such as concrete block manufacturing and quarrying, hospitality and organized retailing industries.

With an established presence in engineering, irrigation and transportation, Unity is successfully diversifying its business model. Some of the landmark projects done by Unity are Expansion & Modification at Chhatrapati Shivaji International Airport, Mumbai; Millenium Business Park in Navi Mumbai; Mass Housing Projects for DDA in Delhi; New Secretariat Complex in Assam; Tsunami Re-construction Project in Andaman & Nicobar Islands; Jupiter Mills in Mumbai; Nizam Institute of Medical Science in Hyderabad;  High Court in Karnataka. Unity also has presence in real estate and BOT space. The company is ISO 9001-2000 and ISO 14001-2004 certified with accreditation from the ANSI-ASQ National Accreditation board. It has a market capitalization of over Rs. 4492 million; and is listed in BSE & NSE.