|
Oil India Limited (OIL) has paid final dividend of Rs.168 Crore to Government of India for the year 2003-04. A Cheque for the said dividend was handed-over to Shri Mani Shankar Aiyar, Minister for Petroleum & Natural Gas and Panchayati Raj by Shri R.K. Dutta, Chairman & Managing Director of the company in the presence of senior officials of Ministry of Petroleum & Natural Gas and Directors of the Company. The Board of Directors had declared final dividend of 80% on the paid up capital of the Company for the year 2003-04. The total Dividend paid by OIL for the year 2003-04 is 140% as against 130% dividend paid during the last year. With today’s payment Govt. of India received a total dividend of Rs.294.00 crore for the year 2003-04.
Shri Aiyar was informed that the Company is taking a number of new strategic initiatives during the year which include laying of product pipeline for evacuation of products from NRL, acquisition of properties overseas in consortium with other petroleum companies, acquisition of prospective exploration block under NRLP, restructuring to facilitate faster growth of the organization etc.
|
