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HCL pays dividend for 2018-19, highest in last five years

By Indian Mandarins- 10 Sep 2019


Union minister for mines Pralhad Joshi has received a dividend of Rs 36.59 crore on a share holding of 76.05% on behalf of the government from Santosh Sharma, CMD, HCL. Anil Mukim, Secretary (Mines) was also present on the occasion besides some senior HCL officials.


The total payout by HCL on account of dividend related to 2018-19 is Rs 58.00 crore consisting of dividend Rs 48.11 crore and dividend tax Rs 9.89 crore. This is the highest dividend paid by the company in the past five years. During 2018-19, the company recorded ore production of 41.22 lakh tonnes which was the highest ever in last 21 years.

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