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GAIL pays Rs 194-cr dividend

Our Bureau

NEW DELHI: GAIL (India) Ltd on Thursday handed over a cheque of Rs 193.97 crore to the Union Petroleum Minister, Mr Mani Shankar Aiyar, towards final dividend payment for the financial year ended March 31, 2005.

With this payment, GAIL has contributed to the State exchequer an aggregate sum of Rs 387.94 crore towards dividend for the financial year 2004-05. The cheque was handed over by Mr Proshanto Banerjee, Chairman and Managing Director of GAIL.

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