Neyveli Lignite Pays Interim Dividend To Govt

Neyveli Lignite Pays Interim Dividend To Govt

Neyveli Lignite Corporation Ltd paid an Interim Dividend of 18 per cent i.e. Rs 1.80 per share of Rs 10 each for the financial year 2014-15 to the Central Government. Last year, the company paid an interim dividend of 10 per cent in March 2014. The total outgo to the company on its paid up capital of Rs 1,677.71 crore is Rs 301.99 crore. Government of India, who holds 90% of the company’s shares, gets Rs 271.79 crore. B Surender Mohan, Chairman-cum-Managing Director of NLC Ltd., handed over the Interim Dividend cheque for Rs.271.79 Crore to Piyush Goyal, Union Minister of State with Independent Charge for Power, Coal and New & Renewable Energy.

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