Nelco Declares Dividend After 7 Years

After a gap of 7 years, Tata group company Nelco has declared a 10 per cent dividend for 2001-02. The satellite communication company returned to the dividend list having recorded a net profit of Rs 1.34 crore on sales of Rs 91.33 crore for the nine months ended March 31, 2002. Mahashur, executive director, ISG group, and Zal Engineer, executive director, Tatanet division, said: