PSU NEWS
GAIL board approved second interim dividend of Rs 2.50
Representational Image (PSU Connect)
New Delhi: The board of Gas Authority of India approved a second interim dividend of Rs 2.5 per equity share amounting to Rs 1,127.54 crore on March 15, 2021, Monday on the post-buy-back paid-up equity share capital of the firm.
GAIL, a state-owned enterprise under the administrative control of the Ministry of Petroleum and Natural Gas in quarter third of the ongoing financial year has reported Rs 1,897.04 crore consolidated net profit, 6.5 percent lower on a year-on-year basis.
The company board had also approved buyback not exceeding 6,97,56,641 fully paid-up equity shares at Rs 150 apiece, for an aggregate consideration not exceeding Rs 1,046.35 crore, excluding applicable taxes.
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