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Singarreni Collieries declares dividend

HYDERABAD: Singarreni Collieries Company (SCCL) has declared a dividend of 5 per cent on equity capital, amounting to Rs. 86.66 crores. This will be shared by the Andhra Pradesh Government and the Centre in the ratio of 51:49. The company recorded a net profit of Rs. 417.64 crores for 2002-03, says a release. — Our Special Correspondent

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