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Hindustan Zinc's Rs 27,157 cr dividend payout is highest ever in India

Latest Rs 13,985 cr interim dividend takes total payout to record-breaking number on Wednesday

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Megha Manchanda New Delhi
Hindustan Zinc Ltd (HZL) on Wednesday announced a one-time interim dividend of Rs 13,985 crore for the financial year 2016-17, of which the central government will get Rs 11,259 crore against its 29% stake.
 
Together with dividend paid in April 2016 and interim dividend in October 2016, the dividends paid in FY17, totalling Rs 27,157 crore, are the highest ever paid in India in a financial year, the company said in a release.
 
The Board of Directors has declared the special one-time interim dividend of 1375% i.e. Rs 27.50 on every equity share of Rs 2, entailing an