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.