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Corporate - Dividend Announcement
OIL pays total dividend of Rs 546 cr

Our Bureau

New Delhi, Oct. 24 Oil India Ltd (OIL) has paid a total dividend of Rs 546 crore to the Government of India for the year 2006-07, which is 260 per cent of the paid-up capital of Rs 210 crore held by the Government. The company on Wednesday handed-over a cheque for Rs 157.50 crore to Government, as the final dividend at the rate of 75 per cent for the financial year 2006-2007.

According to an official statement, the company had earlier paid first interim dividend of 110 per cent amounting to Rs 231 crore and a second interim dividend of 75 per cent amounting to Rs 157.50 crore during the year.

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