Neyveli Lignite Presents Dividend of Rs.360 Crore
Neyveli Lignite Corporation (NLC), a PSU of Ministry of Coal presented a dividend cheque of Rs. 360.02 crore here today to Coal Minister, Shri Sriprakash Jaiswal. The dividend for the year 2010-11 was presented by Shri A.R. Ansari, CMD of the company. On the occasion Secretary, Coal, Shri Alok Perti, Additional Secretary, Ms. Zohra Chaterjee, Director, Finance of the company Shri K.Sekar and senior officers of the Ministry were also present.
The shareholders of the company have declared a dividend at the rate of 23.00 per cent for the Financial year 2010-11. The total dividend payout (including distribution tax) amounts to Rs.448.47 crore.
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