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

By Indian Mandarins- 10 Sep 2019
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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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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.