Excelsior Correspondent
JAMMU, Sept 10: B Ashok, chairman Indian Oil Corporation Limited handed over the dividend cheque of Rs 1448.52 crore to Dharmendra Pradan, Minister of State (Independent charge), MoP and NG in presence of Saurabh Chandra, Secretary, MoPand NG and Dr S C Khuntia, ASand FA, MoP and NG A K Sharma, ED CO and P K Singh, ED (coordination) were present during the handing over ceremony.
Indian Oil Board recommended 87% final dividend (Rs 2,112.32 crore excluding dividend tax) for the financial year 2013-14.
This is the 47th consecutive year of dividend payment by Indian Oil, cumulative dividend paid by Indian Oil till 2012-13 is Rs 23601 crore.
Indian Oil closed the year 2013-14 with the revenue from operations at Rs 4,73,201 crore and a net profit of Rs 7,019 crore.
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