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Coal India Ltd (CIL) today paid Rs 1,989.65 crore as interim dividend for 2010-11, to the Government of India, at the rate of Rs 3.50 a share. The dividend cheque was handed over to the Union Coal Minister, Mr Sriprakash Jaiswal, by Mr Partha S. Bhattcharyya, Chairman of CIL, at New Delhi.
The Centre controls 90 per cent of the paid-up equity capital in the coal major. The interim dividend paid this fiscal is equivalent to the final dividend paid by CIL last year. In 2009-10, CIL – then wholly owned by the Centre — paid Rs 2,210 crore as dividend.
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