Press Information Bureau
Government of India
Ministry of Coal
25-February-2011 15:54 IST
Coal India Pays Rs.1,989.65 Crores as Interim Dividend

Coal India Limited (CIL) the state owned coal mining PSU today paid Rs.1,989.65 Crores as Interim Dividend, for the fiscal 2010-11, to Government of India, at the rate of Rs.3.50 per share.

The Dividend cheque was handed over to Shri Sriprakash Jaiswal, Minister of Coal by Shri Partha S Bhattcharyya, Chairman, CIL along with CMDs of coal companies and Functional Directors of CIL here today.

The amount of Rs.1,989.65 Crores paid to government constitutes 90% and the rest 10% is being distributed among the shareholders of the company. In 2009-10 CIL paid Rs. 2,210 Crores as final Dividend which was 35% of the paid up equity. The interim dividend paid this fiscal to GoI and other shareholders is equivalent to the final dividend that was paid last year by CIL as a whole.

However the final Dividend for 2010-11 would be paid after the finalization of accounts of the fiscal.