NLC pays dividend to Coal Ministry
Neyveli Lignite Corporation , a Navratna PSU under Ministry of Coal, has paid an interim dividend of 18 per cent (at Rs.1.80 per share of Rs.10 each) for the financial year 2014-15 to the Central government.
B.Surender Mohan, chairman-cum-managing director of NLC Ltd., handed over the cheque for Rs.271.79 crore to Piyush Goyal, Union Minister of State with Independent Charge for Power, Coal and New and Renewable Energy recently .
In addition, Government of India, which holds 90 per cent NLC shares, gets dividend distribution tax of Rs.61.83 crore. The company paid an interim dividend of 10 per cent in March 2014.