Home / Knowledge / News / Textiles / Oil declares Interim Dividend of 125%
Oil declares Interim Dividend of 125%
05
Jan '08
Oil India Limited (OIL), a Premier National Oil Company, declared an interim dividend of 125% for the financial year 2007-2008. The Company had last year paid a total Dividend of 260% for the year 2006-07.

The Company handed-over a Cheque for Rs.262.50 Crore to Government of India, as first interim dividend @ 125% for the financial year 2007-2008.

The Cheque for the said amount was presented to Shri M.S.Srinivasan, Secretary, Ministry of Petroleum and Natural Gas, Govt. of India by Shri M.R.Pasrija, Chairman and Managing Director of Oil India Limited.

Total Dividend paid to the Government of India for the year 2006-2007 was to Rs.546.00 Crore being 260% of the paid up capital of Rs.210 Crore held by the President of India, out of which the first interim dividend was @ 110%.

OIL's proposed IPO, and issuance of shares to employees have already been approved by the Government. The Company is targeting the IPO during the 1st Quarter of 2008, subject to SEBI's clearance.

The issue comprises a net issue to the public of upto 2,40,45,438 equity shares and a reservation of upto 24,04,554 equity shares for subscription by eligible employees as defined in the Draft Red Herring prospectus.

Press Information Bureau Government of India


Must ReadView All

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search