Coal India declares Rs 20.70 interim dividend

State-run Coal India today declared an interim dividend of Rs 20.70 per share for 2014-15.

With this, government stands to gain Rs 10,414 crore.

The company today informed bourses that the audit committee recommended an interim dividend of Rs 20.70 for 2014-15.

Government last month raised around Rs 22,000 crore from offer-for-sale (OFS) by diluting 10 per cent stake in Coal India, bringing down its stake down to 79 per cent.