BackGovt to get ₹3,056 crore dividend from Coal India
The total interim dividend outgo for Coal India will be ₹4,622 crore after the company's board approved it
PremiumThe Centre will receive an amount of ₹3,056 crore as dividend from Maharatna PSU Coal India Ltd as the miner has announced an interim dividend at a rate of ₹7.50 per share for the 2020-21 financial year, an official said.
The total interim dividend outgo for Coal India will be ₹4,622 crore after the company's board approved it, he said.
"The government will get around ₹3,056 crore as a dividend for its shareholding of 66.13 per cent in the company," the official said.
In a regulatory filing, the miner said its board of directors has approved payment of an interim dividend of ₹7.50 per share of the face value of ₹10 for 2020-21.
The company sources said the announcement of dividend payment came at a time when the miner's outstanding dues from the power sector remain at about ₹23,000 crore.
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This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
