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UCAL Fuel recommends Rs. 4 dividend

CHENNAI: The net profit of UCAL Fuel Systems has spurted to Rs. 22.21 crore for the year ended March 31, 2011 from Rs. 7.63 crore. The company has raised the equity dividend to Rs. 4 from Re. 1 per share in 2009-10. The consolidated sales have risen to Rs. 606.60 crore from Rs. 501.30 crore.

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