Coal India pays Rs 1,705.42 cr dividend to govt
Coal India Limited on Thursday handed over a dividend cheque of Rs 1,705.42 crore for 2007-08 to the government.
By PTI |
NEW DELHI: Coal India Limited on Thursday handed over a dividend cheque of Rs 1,705.42 crore for 2007-08 to the government.
Coal India Limited Chairman Partha S Bhattharyya gave the cheque to Minister of State for Coal Santosh Bagrodia.
In a statement, CIL said the Rs 1,705.42-crore dividend is the highest-ever paid by it to the government. Last year CIL paid Rs 1,500 crore as dividend.
CIL said it made a provisional profit (before tax and dividend) of Rs 9,576.22 crore against the budgeted profit of Rs 8,462.31 crore during 2007-08, a 12.37 per cent growth over Rs 8,522.22 crore earned in the previous year.
This, is however, without taking into account the impact of national coal wage agreement VIII, the statement said.
Coal India Limited Chairman Partha S Bhattharyya gave the cheque to Minister of State for Coal Santosh Bagrodia.
In a statement, CIL said the Rs 1,705.42-crore dividend is the highest-ever paid by it to the government. Last year CIL paid Rs 1,500 crore as dividend.
CIL said it made a provisional profit (before tax and dividend) of Rs 9,576.22 crore against the budgeted profit of Rs 8,462.31 crore during 2007-08, a 12.37 per cent growth over Rs 8,522.22 crore earned in the previous year.
This, is however, without taking into account the impact of national coal wage agreement VIII, the statement said.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
