 "Coal India announces second interim dividend for 2016-17")
The state-owned Coal India Ltd (CIL) on Sunday came out with a second interim dividend of Rs 1.15 per share for the current financial year.
The decision on the same was taken during the board meeting held on Sunday.
"The board of directors of CIL in its meeting on March 26, 2017, has approved payment of 2nd interim dividend for the financial year 2016-17 at Rs 1.15 per share of the face value of Rs 10 as recommended by the Audit Committee of CIL in its meeting...," the company said in a BSE filing.
The date of payment of second interim dividend is 'on and from March 31, 2017', it said.
Coal India, which accounts for over 80 per cent of domestic coal production, is eyeing 598 million tonnes (mt) of production in 2016-17.
The PSU is aiming at 1 billion tonnes of output by 2020.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%