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CIL pays Highest Interim Dividend to Government of India
Mar 23, 2012
Ms. Zohra Chatterji, IAS, CMD, Coal India Limited on 23 March 2012, accompanied by Functional Directors of CIL Shri R Mohan Das, Director (P&IR); Shri A K Sinha, Director (Finance) and Shri N Kumar, Director (Technical) presented a cheque of Rs.5400.49 Crores towards the Interim Dividend for the fiscal 2011-12 to Shri Sriprakash Jaiswal, Hon’ble Union Minister of Coal, Government of India, in New Delhi. Present during the occasion were Shri Alok Perti, Secretary to Government of India, Ministry of Coal and other senior officials of MoC.
The amount of Rs.5400.49 Crores, the highest ever, Interim Dividend paid to Government of India so far, constitutes 90% of the total interim dividend of Rs.6000.55 Crores for the fiscal 2011-12. The rest 10% (Rs.600 Crores) was distributed amongst the shareholders of the company. This is at the rate of Rs.9.50 per share against Rs.3.50 paid in the previous fiscal registering an increase of 171.4%.
However the final Dividend for 2011-12 would be paid after the finalization of accounts of the fiscal.
 Shri Sriprakash Jaiswal, Hon’ble Union Minister of Coal, Government of India along with Shri Alok Perti, Secretary to Government of India, Ministry of Coal, receiving the Interim Dividend cheque of Rs.5400.49 Crores for the fiscal 2011-12 from Ms. Zohra Chatterji, IAS, CMD, CIL and Functional Directors of CIL.
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