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L&T net at Rs. 1,403 cr.

Staff Correspondent

Recommends Rs. 2 per share final dividend

MUMBAI: Larsen & Toubro has reported a 39 per cent growth in net profit at Rs. 1,403 crore for the year ended March 2007, against Rs. 942.39 crore (excluding exceptional items) in the previous year. Gross sales were up 20 per cent at Rs. 17,900 crore (Rs. 14,965 crore).

The board has recommended a final dividend of Rs. 2 per share.

Including the interim dividend of Rs. 11 per share paid during the year, the total dividend works out to Rs. 13 per share. Addressing the media here on Tuesday, A. M. Naik, CMD, said, the capital expenditure plan for the current fiscal was around Rs. 2,500 crore.

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