Financial Daily from THE HINDU group of publications
Tuesday, Sep 14, 2004

Cross Currency

Group Sites

Industry & Economy - Petroleum

HPCL, BPCL pay dividends to Govt

Our Bureau

New Delhi , Sept. 13

HINDUSTAN Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd today handed dividend cheques of Rs 276.92 crore and Rs 228.39 crore respectively for 2003-04 to Petroleum Minister Mr Mani Shankar Aiyar.

HPCL had paid an interim dividend of 60 per cent and a sum of Rs 103.85 crore was paid to the Government, which is at present holding 51.01 per cent of the equity capital in HPCL. The dividend payout for the company for 2003-04, including dividend tax, was Rs 842 crore representing 220 per cent, the highest among oil marketing companies.

BCPL had declared a total dividend of 175 per cent, including an interim dividend of 60 per cent, for 2003-04. The Union Government holds 66.20 per cent of BPCL's total equity of Rs 300 crore.

More Stories on : Petroleum

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Bill soon on independent pension regulator

Medico-legal case screening
Anti-inflationary steps — 4 more commodities under scanner
Brick kiln owners seek waiver of fly ash norms
Fertiliser body sees higher demand this fiscal
Scissors on smoking scenes likely
Creation of task force urged for industrial development in Kerala
Truckers' strike hits petrol, diesel sales
HPCL, BPCL pay dividends to Govt
Modi invites oil MNCs to set up base in Gujarat
Sical sets up subsidiary to handle TNEB contract
AP CM's fiat to Transco
Govt favours seven task forces for steel sector
Indirect tax collections up 9.5 pc in April-Aug
`Soft' campaign to collect tax arrears
Interest rate lowered on delayed payment of service tax
Invoices made mandatory for taxable services
Cricket rights: Zee to announce decision today
No tobacco sale near schools
Dr Reddy's signs MoU with BITS
Doctoral programme in nursing
New cancer hospital coming up in Pune
GMC golden jubilee fete begins today
Air India board okays plan to sell New Mumbai apartments to staff
Nasscom raps Karnataka for hiking sales tax
Pvt sector investors evince interest in coastal SEZ
Lunar mission not abandoned: ISRO chief
Plea against iron ore export
Bridging the chasm
AP Govt plans rural employment through Khadi Corporation
Engineers Day tomorrow
In Hyderabad today
Export facility withdrawn
SBT gold card for exporters
Oberoi, Kuoni to train Mumbai policemen on tourism beat
Plea to ban fowl slaughter in sectoral grids in Chandigarh

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line