ONGC presents Dividend to Government of India

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INVC,,

Delhi,,

Sudhir Vasudeva, CMD,  ONGC presented a cheque of  3964.35 crore to Shri Jaipal Reddy, Hon’ble Minister of Petroleum & Natural Gas, on January 10, 2011 at New Delhi, as the Interim Dividend of the Company.

The  amount  enriches  shareholders as part of  ONGC’s  Interim  Dividend  of 5347.20 crore that ONGC had announced post its 226th Board Meeting held on January 4, 2012. This dividend payout comes on the back of strong financial performance of the Company in the first half of the financial year 2011-12. The payout works out to 6.25/- per equity share of 5 each (on 8,555,490,120 equity shares).

The year has been a remarkable period for ONGC during which the E&P major made a total of 15 notified discoveries of hydrocarbon blocks reinforcing its stature as the flagship oil & gas company of the country. 

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