Friday, May 13, 2022

NRL pays interim dividend of Rs 95.63 crore to Govt of Assam

Must read

New Delhi: Numaligarh Refinery Limited (NRL) on Saturday presented the 2nd interim dividend cheque of Rs 95.63 crore to the Government of Assam, for the FY 2021-22 for its equity stake of 26 percent in the company.

NRL’s Director (Technical) and Managing Director (I/c) Bhaskar Jyoti Phukan presented the dividend cheque of Rs 95.63 crore to Chief Minister of Assam Dr Himanta Biswa Sarma in the presence of Govt. of Assam’s Industries Minister Chandra Mohan Patowary, NRL’s Director (Finance) Indranil Mittra, Independent Directors of NRL Board, Dr S Lamare, Gagann Jain, Sudip Pradhan, Priyambada Keshri and other senior officials of the company at the state secretariat.

Earlier on March 16, 2022, the Board of Directors of NRL had approved the payment of the 2nd interim dividend for the Financial Year 2021-22 at 50 percent on the paid-up share capital of Rs 735.63 crore (i.e. Rs 5.00 per fully paid equity shares of Rs 10/- each) to the shareholders based on the profit of the company up to the 3rd quarter ending December 31, 2021. Accordingly, the dividend payable to the Government of Assam against its 26 percent shareholding amounts to Rs 95.63 crore.

The 1st interim dividend for the current financial year 2021-22 amounting to Rs 86.35 crore was paid to Govt. of Assam as a part of its equity holding of 23.48 percent of the paid-up share capital of Rs 735.63 crore on November 29, 2021.

NRL continues to contribute to the development of Assam as one of the leading Public Sector Enterprises headquartered in the state.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

- Advertisement -

More articles

- Advertisement -

Latest News