Birla Kennametal Board to consider Stock Split

Birla Kennametal board to consider stock split :A meeting of the board of directors of Birla Kennametal will be held on Aug. 22, 2007 to consider and approve the sub-division of each of 1 existing fully paid-up equity share of Rs 10 each into 5 fully paid-up equity shares of Rs 2 each, subject to approval of members in the general meeting.

Birla Kennametal registered a 23.25% growth in net profit to Rs 14.58 million for the quarter ended June 2007 as compared with Rs 11.83 million in the corresponding quarter last year.

Shares of the company closed up Rs 12.40, or 5%, at Rs 260.60. The total volume of shares traded at the BSE was 311.