Kolkata: The government will receive ₹1,426 crore as dividend from Coal India Limited (CIL) after the dry fuel miner on Monday announced an additional final dividend of 35 per cent or ₹3.5 per share on equity shares of ₹10 each, an official said. The total dividend payout for FY'21 stood at ₹16 per share or 160 per cent. The government is the largest shareholder with control of 66.1 per cent in the CIL. Its shareholding in the company has reduced from 71 per cent due to continuous dilution in small tranches since March 2019. It sold total raw coal of 165 million tonnes during the quarter.

Source: Mint June 15, 2021 00:43 UTC