The Hindu Business Line : BPCL board meet on Dec 26 to consider interim dividend

CLOSE on the heels of public sector oil companies HPCL and IOC informing the stock exchanges that their boards would meet on December 22 and 26 respectively to consider payment of interim dividend, it was the turn of BPCL on Monday.

BPCL has informed the stock exchanges that its board would meet on December 26 to consider a proposal for declaration of interim dividend for the financial year 2003-04. Analysts say that other oil and gas companies like ONGC and GAIL may also join these three oil companies to declare interim dividends.

Last year, the Union Government had collected Rs 2,687.42 crore from the oil PSUs as interim dividends to bridge the fiscal deficit gap — dividends from the financially-muscled oil companies are considered to be a "tried and tested" method of bridging the fiscal gap.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Wipro acquires lease rights on Chandrika

Novar to source electric tools from Chennai plant

BPCL board meet on Dec 26 to consider interim dividend

`Political consensus on accounting system needed'

AP High Court stays proceedings in liquor tender case

Anil Ambani raps NSE for delaying bond issue

Casino group to focus on core competence

Zee Tele arms to merge — Plans southern music channel

Magors may divest Williamson Tea stake

Listed cos cry foul on regulatory overkill

To stop unethical practices, frauds — SEBI panel moots whistle-blower policy

SEBI seeks more powers under Companies Act

ITI declared `potentially sick' — DoT turns down plea for Rs 790-cr package

Tata Chemicals hopeful of better growth this fiscal

Ready-mix concrete to be thrust area for Grasim

WS Industries to set off losses against reserves

New GM for NTPC Simhadri power plant

Gas conservation programme launched