NLC Presents Dividend of Rs.439.49 crore to the Government

Press Information Bureau

Government of India

Ministry of Coal

26-October-2012 14:36 IST

Neyveli Lignite Corporation Limited (NLC) has presented dividend of Rs. 439.49 Crore to the Government for the Financial year 2011-12 . The dividend check was presented to Shri Sriprakash Jaiswal, Minister of Coal, by Shri B. Surender Mohan, Chairman-cum- Managing Director, NLC here today. Shri S.K.Srivastava , Secretary, Ministry of Coal, and other senior officials of the Coal Ministry were also present on the occasion.

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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