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Oil Palm India Ltd. (OPIL) has paid the highest ever dividend of Rs.49.92 lakh to the Central Government and Rs.67.95 lakh to Kerala Government for 2003-04.
The Union Agriculture Minister Shri Sharad Pawar received the dividend draft from Shri P. Muhammed Kunhi Master, Chairman and Shri O.V. Joy, Managing Director of Oil Palm India Ltd. The Minister appreciated OPIL for the fast growth it has achieved both in production and profits in the last four years.
The joint venture company between the Government of India and the Kerala Government had paid dividend of Rs.24.96 lakh and Rs.33.97 lakh respectively last year.
The company has plantations in about 3600 hectares in Kollam district in Kerala. Recently OPIL has set up an oil palm seed garden at Thodupuzha under the Oil Palm Development Programme.
The Government of India holds 42.36 percent shares of OPIL and the Government of Kerala, 57.64 percent. The total paid up share capital of OPIL is Rs.1178.76 lakh.
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