ONGC pays $480.5 million interim dividend
Facebook Twitter google+ RSS Feed

ONGC pays $480.5 million interim dividend

Friday, 31 December 2004, 08:00 Hrs
Printer Print Email Email
NEW DELHI: State-owned Oil and Natural Gas Corp (ONGC) Thursday paid an interim dividend of 21.14 billion ($480.5 million) to the government at 200 percent (20 per share).

This is the highest-ever interim dividend paid by any company, it said in a statement.

With this, ONGC has paid a total dividend of 144.59 billion ($3.29 billion) to the government against a total capital investment of 3.43 billion, till 1980-81.

The government got 142.74 billion ($3.24 billion) through disinvestment of its 10 percent equity in the exploration major earlier this year. The government holds 74.13 percent equity in ONGC.

The government's share in the current market value of ONGC (as per market price on Dec 30, 2004) is 861.43 billion ($19.58 billion).


Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT