CIL presents highest ever Rs 2,210-cr dividend to PM - Hindustan Times
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CIL presents highest ever Rs 2,210-cr dividend to PM

PTI | By, New Delhi
Mar 26, 2010 05:34 PM IST

Coal Minister Sriprakash Jaiswal presented a cheque of Rs 2,210 crore to Prime Minister Manmohan Singh here today as the highest ever dividend on behalf of navratna PSU Coal India Ltd.

Coal Minister Sriprakash Jaiswal presented a cheque of Rs 2,210 crore to Prime Minister Manmohan Singh here today as the highest ever dividend on behalf of navratna PSU Coal India Ltd (CIL).

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"The dividend for fiscal 2009-10 is the highest ever paid by CIL. It constitutes 35 per cent of paid-up equity of Rs 6,316.36 crore," an official statement said.

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During the previous financial year, the coal giant, which accounts for about 80 per cent of the domestic production of the dry fuel, paid a dividend of 27 per cent amounting to Rs 1,705.42 crore.

CIL Chairman Partha S Bhattacharyya and coal secretary C Balakrishnan were present on the occasion.

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