Vindhya Telelinks Recommends Dividend Of Rs 7 Per Share

The stock of Vindhya Telelinks surged over 7% in the morning session on the BSE. It is trading at Rs 729 per share, up by 6.3% at 10:31 AM IST. It hit a high of Rs 749.25 and a low of Rs 710.25 so far.

The company on Monday reported a standalone net profit at Rs 23.55 crore for the quarter ended 2017, as against Rs 20.42 crore for the same quarter of the previous year, as per BSE filing.

The board of directors of the company in its meeting held on May 15, 2017, has recommended a dividend of Rs. 7/- per share (i.e. 70%) on 1,18,50,863 equity shares of the company for the financial year 2016-17, subject to approval by the shareholders, as per BSE filing.

Vindhya Telelinks Limited has engaged the manufacturing and sale of telecommunication cables, other types of wires and cables, fibre reinforced plastic (FRP) rods/glass rovings and connectorised cable products, among others.

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