RINL declares total dividend of 10%

State-owned Rashtriya Ispat Nigam Ltd (RINL) held its 32nd annual general meeting 2014 in Visakhapatnam. CMD P Madhusudan declared a total dividend of Rs. 92.65 crore consisting of 10 per cent of profit after tax (PAT) for the year 2013-14 to equity shareholders (amounting to Rs 36.65 crore ) and coupon rate of 7 per cent on preference share capital to preference share holders (amounting to Rs 56.00 crore) including the interim dividend declared earlier during the year of Rs. 58.00 crore already paid.