ONGC declares interim dividend of Rs 5 per share
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The board of state-run petroleum explorer Oil and Natural Gas Corporation (ONGC) has approved an interim dividend of 100%, paying Rs 5 per equity share of Rs 5 each, for the current financial year.
"The total payout on this account will be Rs 4,277.7 crore out of which the government of India will receive Rs 2,948 crore on its shareholding," the company said in a statement.
The firm would also pay a dividend distribution tax of Rs 855.5 crore in addition.
The payment of the interim dividend for shareholders will start from 18 December.
The company also said it has notified the board of three discoveries including a gas discovery in its nomination deep water block, KG-OS-DW-III, in KG-basin off the east coast; an oil and gas discovery in the Mumbai offshore basin and Thirunagari gas discovery in the Cauvery basin.
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