RII declares 35 per cent dividend for financial year

Reliance Industrial Infrastructure Limited has declared a dividend of 35 per cent for the financial year.

Reliance Industrial Infrastructure Limited has declared a dividend of 35 per cent for the financial year which ended on March 31, 2006.

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The board of directors in its meeting held on Saturday has recommended a dividend of Rs 3.50 per equity share on the paid-up capital of Rs 15.10 crores, the company informed the National Stock Exchange.

The company, in which Mukesh Ambani's Reliance Industries Limited, has 46 per cent stake is engaged in the business of construction and setting up of industrial infrastructure and project related activities.