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New Delhi, March 6 The board of State-owned gas transmission and marketing major, GAIL (India) Ltd, on Tuesday declared a 25 per cent special interim dividend on the paid-up equity share capital of the company for the financial year 2006-07. According to a statement issued by the company, the board has approved payment of the special interim dividend in view of the performance of the company.

The company has fixed March 12 as the `record date' for the purpose of determining the eligibility of the members of GAIL to the special interim dividend. On December 20, 2006, GAIL had declared a 55 per cent interim dividend on the paid-up equity share capital of the company for 2006-07. GAIL has posted a net profit of Rs 665.46 crore for the quarter ended December 31, 2006 as compared to Rs 643.150 crore for the quarter ended December 31, 2005. GAIL has disbursed dividend of Rs 4,540.31 crore (up to FY 2005-06) to the shareholders including Government of India, which is more than five times the equity capital of Rs 845.65 crore of the company.

More Stories on : Dividend Announcement | Petroleum | GAIL (India) Ltd

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