Balrampur Chini recommends 160% dividend

Balrampur Chini mills has declared a dividend of 160% (i.e. Rs 1.60 per share) on the paid-up value of Re 1 each subject to shareholders approval for the financial year 2003-04.

According to a release issued by Balrampur Chini to the BSE, the company has also approved the installation of 10 mw cogen power plant at Akbarpur in Uttar Pradesh.

The board has constituted a remuneration committee to formulate the detailed terms and conditions of employee stock option scheme, it added.