State-owned Oil and Natural Gas Corporation (ONGC) yesterday (March 15, 2012) declared the second interim dividend of 30%, which will net the government over Rs888 crore.
'The Board of Directors of the company at its meeting held on yesterday, have approved second interim dividend Rs1.50 per equity share of Rs5 each, for the financial year 2011-12,' ONGC said in a filing to the stock exchanges.
The government had asked profit-making public sector firms to pay additional dividend to bridge budgetary deficit.
It had got over Rs12,600 crore earlier this month from selling a 5% equity stake in ONGC.
ONGC, which had in January paid the first interim dividend of Rs6.25 per share, would give the government Rs888.38 crore by way of the second interim dividend.
It had paid a total of Rs8.75 a share dividend in the previous year.
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'The Board of Directors of the company at its meeting held on yesterday, have approved second interim dividend Rs1.50 per equity share of Rs5 each, for the financial year 2011-12,' ONGC said in a filing to the stock exchanges.
The government had asked profit-making public sector firms to pay additional dividend to bridge budgetary deficit.
It had got over Rs12,600 crore earlier this month from selling a 5% equity stake in ONGC.
ONGC, which had in January paid the first interim dividend of Rs6.25 per share, would give the government Rs888.38 crore by way of the second interim dividend.
It had paid a total of Rs8.75 a share dividend in the previous year.
....more info