Rajapalayam Mills Ltd has informed that the Board of Directors of the Company at its meeting held on October 24, 2007, inter alia, has declared Interim Dividend @ 30% for the year 2007-2008 (Rs 3.00 per share of Rs 10/- each).
Rajapalayam Mills Ltd is the first business venture of the group started in 1938. It has an uninterrupted dividend paying record since inception.
The instaled capacity of the mill is 96,224 Spindles and 1,344 Rotors. It produces over nine million Kgs of yarn per annum, employing more than 1000 workers with a turnover of over Rs. 147 crores Rajapalayam Spintext and Rajapalayam Textiles are the two divisions of company.
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