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OIL declares 250% interim dividend

By Bureau

DIBRUGARH, Jan 13 � The Board of Directors of the Oil India Limited (OIL) in its 417th meeting held recently declared an interim dividend of 250% (Rs 25 per share) for the financial year 2011-12. Half- yearly profit after tax, as on 30.09.2011, is Rs 1988.13 crore and the total dividend payout is Rs 601.14 crore (approximately).

The company had last year paid an interim dividend of Rs 18 per share (at 180%) and a final dividend Rs 19.50 per share (at 195%) making the total dividend for the year 2010-11 at 375%.

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