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  • NLC Paid Interim Dividend to Government (31-March 2015)
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  • Parliament Passes the Coal Mines (Special Provisions) Bill, 2015 (20-March 2015)
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  • CIL Gearing Up For 1 Billion Tonne Coal Production Mark (20-February 2015)
  • Opening of Technical Bids for Auction of Schedule III Coal Mines (15-February 2015)
 
Ministry of Coal

NLC Paid Interim Dividend to Government

Neyveli Lignite Corporation (NLC) Ltd., a Navratna PSU under Ministry of Coal, Government of India, paid an Interim Dividend of 18% i.e. Rs. 1.80 per share of Rs. 10 each for the financial year 2014-15 to the Central Government. Last year the company paid an interim dividend of 10% in March, 2014.

The total outgo to the company on its paid up capital of Rs. 1677.71 crore is Rs. 301.99 crore. Government of India, who holds 90% of the company’s shares, gets Rs. 271.79 crore.

Shri B. Surendra Mohan, Chairman cum Managing Director of NLC Limited, handed over the interim Dividend cheque for Rs. 271.79 crore to Shri Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (IC) in the presence of Shri Anil Swarup, Secretary Ministry of Coal and Shri Rakesh Kumar, Director (Finance), NLC.

In addition, Government of India gets dividend distribution tax of Rs. 61.83 crore.

RM/RS

Release ID :117855
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