GAIL declares 40 per cent interim dividend

New Delhi, Dec 19: Country's largest natural gas transportation company GAIL (India) Ltd today declared a 40 per cent interim dividend for the financial year 2007-08.

The Board of Directors of the company, in a meeting yesterday, approved the payment of the dividend to the shareholders of the company. The Company has fixed December 22 as the 'record date' for the purpose of determining the eligibility of the members of the company to the interim dividend. The company declared a 100 per cent interim dividend for the financial year 2006-07.

The company disbursed dividend of Rs 5,385.97 crore (upto FY 2006-07) to the shareholders including Government of India, which is more than five times the equity capital of Rs 845.65 crore of the company. The Government of India has equity holding of 57.34 per cent in GAIL. GAIL is listed by Forbes as one of the world's 2,000 largest public companies in 2007.

UNI