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Our Bureau

New Delhi , Jan. 20

MR Proshanto Banerjee, Chairman & Managing Director of GAIL (India) Ltd, handed over a cheque of Rs 290.96 crore to the Petroleum Minister, Mr Mani Shankar Aiyar, towards an interim dividend for the financial year 2005-06.

The Government holds 57.345 per cent of the equity share capital in GAIL. The company has since inception, paid dividend of over Rs 4,200 crore to its shareholders, a company statement said.

Earlier, the board of directors of GAIL at their meeting held on January 12 had approved payment of interim dividend at the rate of 60 per cent on the equity share capital of Rs 845 .65 crore for the financial year 2005-06. During the previous financial year, it had paid an interim dividend at the rate of 40 per cent followed by a final dividend at 40 per cent, on the equity share capital.

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