Dividend for Coal India 2024: The public sector company Coal India Limited (PSU) has notified exchanges that, for the fiscal year 2023–2024, its board of directors has recommended a final dividend of Rs 5 per share.
Additionally, the Audit Committee of CIL recommended in its meeting on this date that the Board of Directors pay the Final Dividend for the financial year 2023–24 at the rate of 5/-per share of the face value of Rs 10/-. This approval must be granted by the members at the company’s upcoming Annual General Meeting (AGM). stated in an application for an exchange.
The record date and payment date for this corporate action have not yet been disclosed by the corporation.
The business had previously declared an interim dividend of Rs 5.25, with a February 20, 2024, ex-date.
In the meantime, the coal giant announced a 26.2% increase in consolidated net profit for the March quarter, coming in at Rs 8,682.20 crore.
According to a regulatory filing by Coal India Ltd (CIL)
The company’s consolidated net profit for the previous year was Rs 6,875.07 crore.
From January to March of last year, the total income of the company fell to Rs 39,654.50 crore from Rs 40,371.51 crore.
More than 80% of the nation’s domestic coal production is produced in CIL.
using inputs from PTI
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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