Oil and Natural Gas Corporation (ONGC) has paid an amount of Rs 2,900 crore to Government of India (GoI) towards the interim dividend for 2013-14. This represents payment of interim dividend at 100% to the GoI against its shareholding in ONGC. The company handed over the cheque to the Petroleum Minister, M. Veerappa Moily. GoI holds 69.23% equity share in ONGC and the company paid dividend of Rs 5 per equity share i.e 100% of the paid-up share capital.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
No comments:
Post a Comment