Mahanadi Coalfields declares Rs 2,758 crore interim dividend
State-owned CIL on Friday said its arm Mahanadi Coalfields Ltd has declared an Interim dividend of Rs 2,758.45 crore for 2015-16. The company said its another arm Central Coalfields Ltd has declared an Interim dividend amounting to Rs 1,457 crore for the 9-month period ended December. “Mahanadi Coalfields Ltd (MCL)- a subsidiary company of Coal India Ltd has declared an Interim dividend of Rs 14,798.48 per share of face value of Rs 1000 each on 18,64,009 equity shares, amounting to Rs 2,758.45 crores on Feb 4, 2016 for the year 2015-16,” CIL said in a filing to BSE. This is the second interim dividend declared by MCL till date, it said. “Thus cumulative interim dividend declared by Mahanadi Coalfields Ltd till date amounts to Rs 3,298.45 crore,” the company said in the filing.