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Oil India Declares 120% Second Interim Dividend For FY13

Oil India Ltd . Has recommended a second interim dividend of 120% or Rs.12.00 per equity share of Rs.10 each for the fiscal year 2013.

The company fixed March 22 as the Record Date for the purpose of payment of interim dividend. The payment will commence on and from March 23 and will be completed on and before April 10, 2013.

For nine months ended December 31, 2012, the company's net profit fell by six percent to Rs.2,824.79 crore from the Rs.3,002.11 crore in the corresponding period last year. Total income, including other operating income, amounted to Rs.7,475.82 crore, down by seven percent form the Rs.8,061.11rore for the nine months ended December 31 of 2011.

At the BSE, Oil India closed Wednesday's trading at Rs.544.15, down 1.13 percent from the previous close.

by RTTNews Staff Writer

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