Neyveli Lignite Pays Rs 229 Crore Interim Dividend to Government

Chennai: State-run Neyveli Lignite Corporation (NLC) has paid an interim dividend of Rs 229.49 crore to the Union government for 2015-16. 

NLC chairman and managing director Sarat Kumar Acharya handed over the cheque valued at Rs 226.49 crore to Union Coal and Power Minister Piyush Goyal at a function held in New Delhi recently, a company statement said. 

NLC paid the interim dividend of 15 per cent, valued at Rs 226.49 crore, it added. 

The total outgo to the company on its paid-up capital of Rs 1,677.71 crore is Rs 251.66 crore, the release said.