These include, Tata Consultancy Services (350 per cent), HCL Technologies (200 per cent), Cummins India, Indian Hume Pipe and Mercator Lines (100 per cent each).
Steel Authority of India (SAIL), which experienced a turnaround in 2003-04, is back in the dividend list after making huge profits in the first nine months of 2004-05. SAIL proposes to pay an interim dividend of 15 per cent after the gap of six years.
Godrej Consumer Products announced a third interim dividend for the year, at 75 per cent, after paying two interims of 50 per cent each. TCS, HCL Infosystems, Balkrishna Industries, Madras Cement, Ramco Industries, GE Shipping, Greaves Cotton, Rajapalayam Mills and Lakshmi Overseas have declared interim dividends for a second time for financial year 2004-05.
Essel Propack has announced an 80 per cent dividend, HCL Infosystem and Tata Infotech have declared interim dividends of 70 per cent each. Datamatics Technologies has declared a maiden interim dividend of 25 per cent for 2004-05.
Most of the shipping and metals firms have declared an interim dividend for the first time in the current financial year.
Great Eastern Shipping has declared a second interim dividend of 25 per cent, Jindal Stainless has declared a 60 per cent dividend, PSL Holdings is paying out 25 per cent, National Aluminum 20 per cent, Bhushan Steel 10 per cent and Shreyas Shipping 7 per cent.
