IOC pays 2nd interim dividend; ONGC to consider on 23 March
NEW DELHI: State-owned Indian Oil Corp (IOC) on Tuesday declared a second interim dividend of ₹1,412 crore for the current financial year and ONGC agreed to do so next week to help the government meet its tax revenue target.
In a stock exchange filing, IOC, the nation’s biggest oil firm, said its board at a meeting on Tuesday approved payment of ₹1.50 per share of 15% in second interim dividend for 2018-19 to shareholders.
“The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched on or before April 10, 2019,” it said.
