ONGC pays Rs 2,961 cr dividend to the govt

Tags: ONGC, News
State-owned Oil and Natural Gas Corp (ONGC) today paid an interim dividend of Rs 2,961 crore to the government for the current fiscal.

ONGC Chairman and Managing Sudhir Vasudeva presented a cheque of Rs 2,961 crore to Oil Minister M Veerappa Moily, an official statement said here.

"This represents dividend payment at 100 per cent of the equity Capital held by the government in ONGC," it said.

Vasudeva also briefed the Minister about various activity of the company. The Minister noted the issues facing the Navratna PSU. He emphasised the need for quick decision making to expedite resolution of the issues.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Jaitley must have a workable gameplan

    While governments, irrespective of their political hues, cannot be faulted for mobilising non-tax revenues, overtly relying on these sources of fundin

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture