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GMM Pfaudler pays 25 p.c. second interim

CHENNAI: GMM Pfaudler Limited, a market leader in glasslined corrosion resistant reactors and storage tanks for the pharmaceutical and chemical industry and a subsidiary of Pfaudler Inc, has announced a second interim dividend of 25 per cent for the year ended March 31, 2004. Total income for the year grew to Rs. 63.85 crores representing an increase of 19 per cent while the net profit shot up to Rs. 6.21 crores. The company paid 50 per cent first interim in February, says a release.

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