Team News Riveting
Mumbai, June 14
The board of state-run Coal India Limited (CIL) has approved a final dividend of Rs 3.50 per equity share of face value of Rs 10 each for the financial year 2020-21.
World’s largest miner announced the dividend in a regulatory filing on Monday. The company had reported a consolidated net profit of Rs 4,588.96 crore, a fall of marginal 0.8 per cent, in the quarter ended 31 March, 2021. The company had posted a profit of Rs 4,655.76 crore in the year-ago period.
The Board of Directors have declared an interim dividend of Rs 4622.06 crore Rs 7.50 per share) on November 11, 2020 and Rs 3081.37 core (Rs 5.00 per share) on March 5, 2021. It had paid lnterim Dividend of Rs 7395.27 crore (Rs 12 per share) during FY20.
In a presentation, the CIL said the revenue from operations was pegged at Rs 26,700 crore in Q4FY21, down 3.1 per cent year-on-year. It had reported a revenue of Rs 27,568 crore in the year-ago period.
The expenses of the company during the January-March 2021 quarter dropped to Rs 21,565.15 crore from Rs 22,373.046 crore in the year-ago period.
The production of CIL during the quarter dropped to 203.42 million tonnes (MT) over 213.71 MT in the corresponding quarter of 2020.
The company’s offtake during the January-March period was at 164.89 MT, over 164.33 in the corresponding quarter of 2020.
