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Oil India Ltd proves to be jewel in nation’s PSU crown

Oil India Ltd proves to be jewel in nation’s PSU crown
Shareholders of Oil India Ltd (OIL), the country’s second largest national exploration and production (E&P) company, had declared a final dividend of 5 per cent for the financial year 2013-14 at OIL’s 55th AGM. This is in addition to an interim dividend of 210 per cent for 2013-14.

The final dividend cheque to the Union Government for 2013-14 was presented to Minister of State for Petroleum & Natural Gas (Independent Charge) Dharmendra Pradhan by OIL CMD S K Srivastava in the presence of oil & gas secretary Saurabh Chandra and additional secretary and financial advisor to the oil & gas ministry Dr S C Khuntia.

For the financial year 2013-14, the company has paid a total dividend of Rs 879.48 crore to the Centre out of which Rs 859.15 crore was paid as interim dividend and Rs 20.33 crore as final dividend.
Agencies

Agencies

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