IndianOil pays Rs. 1448.52 Crore dividend

Sarkaritel
By Sarkaritel September 10, 2014 19:21

IndianOil pays Rs. 1448.52 Crore dividend


B. Ashok Chairman, IOCL, handed over the dividend cheque of Rs. 1448.52 Crore to Mr. Dharmendra Pradhan, Minister of State (Independent charge), MoP&NG

B. Ashok Chairman, IOCL, handed over the dividend cheque of Rs. 1448.52 Crore to Mr. Dharmendra Pradhan, Minister of State (Independent charge), MoP&NG

New Delhi, Sep 10 Mr. B. Ashok Chairman, Indian Oil Corporation Limited, handed over the dividend cheque of Rs. 1448.52 Crore to Mr. Dharmendra Pradhan, Hon’ble Minister of State (Independent charge), MoP&NG on September 09, 2014 in presence of Mr. Saurabh Chandra, Secretary, MoP&NG and Dr. S. C. Khuntia, AS&FA, MoP&NG. Mr. V. S. Okhde, Director (Pipelines), Mr. Sanjiv Singh, Director (Refineries), Mr. A. K. Sharma, ED (CO) and Mr. P.K. Singh, ED (Coordination) were also present during the handing over ceremony.

IndianOil Board recommended 87% final dividend (Rs. 2,112.32 Crore excluding Dividend Tax) for the financial year 2013-14 .

This is the 47th consecutive year of dividend payment by IndianOil. Cumulative dividend paid by IndianOil till 2012-13 is Rs. 23601 Crore.<BR><BR>

IndianOil is India’s Flagship Energy Major. Its business straddles across the entire hydrocarbon value chain. With a corporate vision to be the Energy of India, IndianOil closed the year 2013-14 with the revenue from operations at Rs. 4,73,210 Crore and a net profit of Rs. 7,019 Crore.

Sarkaritel
By Sarkaritel September 10, 2014 19:21

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