Engineers India pays 1000 per cent special interim dividend

Public sector design and engineering consultancy firm Engineers India Ltd (EIL) has paid a special interim dividend of Rs507.65 crore, which represents 1000 per cent of its paid-up share capital, for the financial year 2009-10.

A K Purwaha, chairman and managing director of the company, presented the cheque to Murli Deora, minister of petroleum and natural gas  in New Delhi today.

This is the highest-ever dividend paid by EIL and the 1000 per cent interim dividend is perhaps the highest ever paid by any public sector enterprise (PSE).

EIL is a premier design and engineering consultancy company in the fields of petroleum refining, pipelines, petrochemicals, offshore oil and gas, onshore oil and gas, terminal and storages, mining and metallurgy and infrastructure and is now diversifying into several new areas, including nuclear energy, solar energy, gas based fertilizers and power plants and city gas distribution.