EIL pays highest so far dividend

By IANS,

New Delhi : Design and engineering consultancy firm Engineers India Limited announced Tuesday it has paid a dividend of Rs.507.65 crore – the highest so far by the public sector company – to the government.


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A press release issued by the ministry of petroleum and natural gas said a special interim dividend cheque of Rs.507.65 crore was presented to petroleum minister Murli Deora by EIL chairman and managing director, A.K. Purwaha.

“This special interim dividend is at 1,000 percent of the paid up share capital for the financial year 2009-10. This is the highest ever dividend paid by EIL and 1,000 percent interim dividend is perhaps the highest ever paid by any public sector enterprise,” said the release.

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