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150 p.c. interim from RITES

NEW DELHI: RITES Ltd., a PSU under the control of the Union Railway Ministry, has declared an interim dividend of Rs. 4.38 crores, which is 150 per cent of its enhanced paid-up capital after the issue of 1:1 bonus in October 2003. Last year, it had declared an interim dividend of Rs. 2.50 crores, which was 125 per cent of the paid-up capital. The company has recently bagged contracts from Sudan Railways for exporting new locomotives and rehabilitating old diesel locomotives of Sudan Railways in Indian Railway workshop, the release added.

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