Kesoram Industries Q4 net at Rs 228.83 crore

B K Birla-group outfit Kesoram Industries has made a net profit of Rs 228.83 crore in the fourth quarter, but reported a net loss of Rs 379 crore for the year ended March 31, 2012, against a net loss Rs 210.21 crore. The board has recommended a dividend of Re 1 a share (Rs 5.50 a share) of Rs 10 each. Meanwhile, the company has extended the timeline for completion of expansion projects at its Balasore plant in Odisha (80 million tonnes a day of car radial tyres) and Uttarakhand unit (85 million tonnes a day truck radial tyres) to the second half of 2012-13.