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ONGC Presents Dividend to Govt of India

  • The CMD of ONGC - Sudhir Vasudeva presented a cheque of 3964.35 crore to Jaipal Reddy, Minister of Petroleum & Natural Gas as the Interim Dividend of the Company.     The amount enriches shareholders as part of ONGC’s Interim Dividend of 5347.20 crore that ONGC had announced post its 226th Board Meeting held on January 4, 2012. This dividend payout comes on the back of strong financial performance of the Company in the first half of the financial year 2011-12. The payout works out to 6.25/- per equity share of 5 each (on 8,555,490,120 equity shares).     The year has been a remarkable period for ONGC during which the E&P major made a total of 15 notified discoveries of hydrocarbon blocks reinforcing its stature as the flagship oil & gas company of the country. Sudhir Vasudeva, CMD, ONGC along with Directors on the Board of ONGC and MD OVL presenting the cheque to Jaipal Reddy, Hon’ble Minister of Petroleum & Natural Gas at New Delhi.

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