NEW DELHI: State-owned Oil and Natural Gas Corp (ONGC) today declared the second interim dividend of 30%, which will net the government over Rs 888 crore.
“The Board of Directors of the company at its meeting held on March 15, 2012, have approved second interim dividend Rs 1.50 per equity share of Rs 5 each, for the financial year 2011-12,” ONGC said in a filing to the stock exchanges.
The government had asked profit-making public sector firms to pay additional dividend to bridge budgetary deficit.
It had got over Rs 12,600 crore earlier this month from selling a 5% equity stake in ONGC.
ONGC, which had in January paid the first interim dividend of Rs 6.25 per share, would give the government Rs 888.38 crore by way of the second interim dividend.
It had paid a total of Rs 8.75 a share dividend in the previous year.