Govt makes a cool Rs 20,000 cr from Coal India interim dividend

Comments 0
Coal India (CIL) announced an interim dividend of Rs 18,300 crore, which includes Rs 16,485 crore to the government. Reuters Coal India (CIL) announced an interim dividend of Rs 18,300 crore, which includes Rs 16,485 crore to the government. Reuters
SummaryIn what would give a major boost to the Centre's receipts this fiscal, Coal India (CIL) on Tuesday announced an interim dividend of Rs 18,300 crore...

over 50% in valuation of IOC scrip since 2010. The finance ministry, which is looking for a feasible and agreeable alternative, has asked ONGC and Oil India LTD if they can buy the government stake in IOC.

“The petroleum ministry has been asked by the finance ministry to look at alternatives in case the Indian Oil offer for sale does not go through. This can be considered an alternative, though how much stake and at what price is for the companies involved to decide,” said a senior finance ministry official.

Single Page Format
Ads by Google

More from Frontpage

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...