Swaraj Engines Stock Up By Over 15%, Board Recommends Dividend

As a result of the board of directors recommendation, on Tuesday, April 25, 2017, of equity dividend of 180% for the financial year ended 31st March 2017, shares of Swaraj Engines soared over 15% in an early morning trade on the BSE.

Keeping in view of the Company’s fund position, the board, over and above the said normal dividend, has also recommended a special dividend payment of 250%, taking the total dividend to 430% for FY 2017-17.

The board has also approved the Audited financial results of the company for the year ended 31st March 2017.

Swaraj Engines Ltd, a Joint Venture between Punjab Tractors Ltd and Kirloskar Engines was set up primarily to manufacture engines for supply to Punjab Tractors.

The Company was incorporated in Sep 85 under the Management Control of Punjab Tractors to Manufacture and market diesel engines ranging from 15hp to 80hp. Swaraj Engines Ltd (SEL) supplies 5 types of Engines from 20HP range to 50HP range to Punjab Tractors Ltd(PTL).

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About Suhani Varma

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