Coal India pays Rs1,989.65 crore interim dividend

State-owned mining giant Coal India Limited (CIL) today paid Rs1,989.65 crore as interim dividend for fiscal 2010-11 to the government. This works out to Rs3.50 per RS10 share or 35 per cent return on the Government of India's holding in the PSU.

CIL chairman and managing director Partha S Bhattcharyya handed over the dividend cheque, constituting 90 per cent of the total dividend payout, to coal minister Sriprakash Jaiswal.

CIL distributed the remaining 10 per cent of the dividend amount to other shareholders.

In 2009-10, CIL paid Rs2,210 crore as final dividend, which was 35 per cent of the paid-up equity. The interim dividend paid this fiscal to GoI and other shareholders is equivalent to the final dividend that was paid for the whole of last year.

The final dividend for 2010-11 would be paid after the finalisation of accounts of the fiscal.