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Staff Correspondent
MUMBAI: Hindalco, the Aditya Birla Group flagship and non-ferrous metals major, has reported a higher net profit of Rs. 1,329 crores for the year 2004-05 against Rs. 839 crores in the previous year. The board of the company has recommended a dividend of 20 per cent against 16.5 per cent. The turnover was higher at Rs. 9,523 crores against Rs. 6,208 crores. The operating profit has risen to Rs. 2,276 crores from Rs. 1,500 crores. For the quarter ended March 2005, the company has reported a net profit of Rs. 449 crores against Rs. 222 crores on a turnover of Rs. 2,516 crores (Rs. 1,889 crores). The company has chalked out aggressive plans in both copper and aluminium. The plans include capacity expansions and new ventures and entail a capital investment in excess of Rs. 20,000 crores over three years. In copper, the brownfield expansion to double capacity to five lakh tonnes per annum at Dahej is scheduled to start commercial production soon. In terms of capacity, this would put Hindalco in the league of top ten copper producers in the world.
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