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Our Bureau

New Delhi, March 21

Oil India Ltd (OIL) has paid a second interim dividend of Rs 157.5 crore for the financial year 2005-06 to the Union Government. The company has paid the second interim dividend at the rate of 75 per cent.

According to a company release, OIL had earlier paid an interim dividend at the rate of 110 per cent amounting to Rs 231 crore on December 30, 2005, to the Union Government. Thus the total interim dividend paid to the Government for 2005-06 amounts to Rs 388.5 crore, which is 185 per cent of the paid-up capital of Rs 210 crore held by the President of India.

The company had paid a total dividend at the rate of 160 per cent amounting to Rs 336 crore to the Union Government for 2004-05.

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