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Coal India (CIL) today has declared an interim dividend of INR 27.40 pershare and the total outgo will be INR 20,830 crore, including dividend tax. One of the largest beneficiary will be the central government, which holds 79.64 % and will get a dividend of INR 17,308 crore, a communique said. The government has been able to mobilise a little over INR18,300 crore from divestment this fiscal till February against the target of INR 69,500 crore due to volatility in stock markets.
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Coal India Ltd (CIL) which is state-owned has crossedCoal output 9% over last year's production adding that there is "still a very
long way to go" amid the public sector undertakings (PSU) eyeing one
billion tonnes production target
Government on Saturday said coal output by
state-owned Coal India (CIL) crossed 9% over last year's production adding that
there is "still a very long way to go" amid the public sector
undertakings (PSU) eyeing one billion tonnes production target.
Coal production by Coal India crosses 9% over last
year's record production. Well done. Keep it going. Still a very long way to
go, Coal Secretary Anil Swarup said in a tweet.
Coal India's production had jumped
8.8% to 321.38 million tonnes (MT) during April-November period of the current
fiscal. CIL produced 295.40 MT during the same period last year, a company
official said.
The government has set one billion tonnes production
goal for the company by 2020.CIL accounts for over 80% of the domestic coal
production.
The government has set a production target of 550
MT for the PSU for the current fiscal.Coal India missed the production target for 2014-15
by 3%, recording an output of 494.23 MT.
