GAIL (India) Restricted on Thursday introduced that the board at its assembly held right this moment accepted the cost of interim dividend of ₹4 per share for the FY2021-22. The interim dividend can be paid close to the ‘Document Date’ i.e. Friday, December 31, 2021 mounted for the stated function, it added.
“The board of administrators of the corporate in its 435th assembly held right this moment i.e. 23.12.2021 has, inter-alia, accepted cost of lnterim Dividend for the FY 2021-22 @ 40% ( ₹4/-per fairness share) on the paid-up fairness share capital of the corporate,” the corporate knowledgeable in an change submitting right this moment.
Shares of GAIL had been buying and selling over 2% increased in Thursday’s afternoon offers at ₹132 apiece on the BSE. The inventory has been considerably of a boring performer within the latest bull market rally because it has risen by simply 7% as in comparison with round 20% rise in benchmark Sensex. GAIL shares are up over 11% in a yr’s interval.
GAIL (India) Restricted is India’s main pure gasoline firm. For the quarter ending September, the PSU reported a web revenue of ₹2,862.9 crore as in comparison with ₹1,239.6 crore within the year-ago interval. Its income from operations elevated 57.6% to ₹21,515 crore in the course of the quarter underneath overview, from ₹13,647 crore within the corresponding quarter of the earlier fiscal.
Supply: Live Mint