PSUs in rush to meet dividend deadline

IOC, BPCL, HPCL get Sebi leeway to make immediate payments; Coal India to follow

Samie Modak & Indivjal Dhasmana  |  Mumbai/ New Delhi 

To shore up revenues, the government is hastening public sector undertakings (PSUs) to pay dividends before this financial year (2016-17, FY17) ends.  On Thursday, the oil-marketing companies — Indian Oil, Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) — in hurried board meetings declared their second interim dividend.  Coal India also announced its board would meet again on Sunday to declare another interim dividend, which would be paid before March 31. This will be on top of the hefty dividend of Rs 18.75 per share ...

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PSUs in rush to meet dividend deadline

IOC, BPCL, HPCL get Sebi leeway to make immediate payments; Coal India to follow

IOC, BPCL, HPCL get Sebi leeway to make immediate payments; Coal India to follow To shore up revenues, the government is hastening public sector undertakings (PSUs) to pay dividends before this financial year (2016-17, FY17) ends.  On Thursday, the oil-marketing companies — Indian Oil, Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) — in hurried board meetings declared their second interim dividend.  Coal India also announced its board would meet again on Sunday to declare another interim dividend, which would be paid before March 31. This will be on top of the hefty dividend of Rs 18.75 per share ... image
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