MRPL pays Rs 23.78 crore dividend to HPCL
Mumbai,
Sep
24:
Mangalore
Refinery&Petrochemicals
Ltd
(MRPL),
an
ONGC
Group
Company
and
a
Mini
Ratna
category
I,
today
paid
a
dividend
of
Rs
23,77,22,814
for
FY
2007,
to
Hindustan
Petroleum
Corporation
Ltd
(HPCL),
who
holds
16.95
pc
stake
in
the
company.
The dividend cheque was handed over by Shri L. K Gupta, Director (Finance) of MRPL to Shri Arun Balakrishnan, Chairman&MD, HPCL, at the HPCL HO, Mumbai, in a simple function attended by Shri C. Ramulu, Director (Finance), Shri M A Tankiwala, Director (Refineries), other senior officials of HPCL and Shri B Sukumar, Company Secretary, MRPL.
It maybe recalled that the shareholders of MRPL had cleared a dividend of 8 pc at the 14th Annual General Meeting for FY 2007 held at Mangalore. In the last three years alone, HPCL has earned a total of Rs 74.29 crores as dividend from MRPL against their equity holding of 297,153, 518 shares.
OneIndia
News
>