NLC pays Rs.439.49 cr dividend to govt

Last Updated: Fri, Oct 26, 2012 13:31 hrs

New Delhi, Oct 26 (IBNS) Neyveli Lignite Corporation Limited (NLC), a government-owned lignite mining and power generating company, on Friday presented dividend of Rs. 439.49 crore to the government for the financial year 2011-12.

The dividend cheque was presented to Union Coal Minister Sriprakash Jaiswal by NLC Chairman-cum- Managing Director B. Surender Mohan here.

NLC has declared a dividend at the rate of 28.00 % for the financial year 2011-12.

The total dividend payout (including distribution tax) amounts to Rs. 545.97 crore.

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