Govt’s income from Coal India to fall by 6.5% to Rs 7172 cr this year
The Centre will be getting a total amount of Rs 7172 crore this year from Coal India which is 6.52 per cent lower than what it received in the last fiscal year. In 2018-19, the Centre got a total amount of Rs. 7672 crore.
The amount is inclusive of dividend distribution tax (DDT) which stood at Rs 2282 crore during 2019-20 and Rs 1833 crore during 2018-19.
On Thursday, the Coal India board sanctioned a total amount of Rs 9677 crore inclusive of the DDT as interim dividend at a rate of Rs 12 per share. In the last fiscal year, the interim dividend stood at Rs 13.10 per share.
Incidentally, after taking forward its disinvestment drive, the Centre, from a stakeholding of 70.96 per cent as on April 2019, now owns 69.05 per cent in this company.
