SCCL pays Rs. 42.38 Crore as dividend
Publish date: 13 Oct 2011 05:53:37 AM
The government owned coal sector undertaking Singareni Collieries Company Ltd., (SCCL) has paid a dividend of Rs 42.38 crores for the year 2010-11. S Narsing Rao, Chairman and Managing Director presented the dividend cheque to the minister of coal, Sriprakash Jaiswal here today. This is the eight year since 2003-04 that company has paid dividend to the government.
SCCL is a joint under taking having 51% equity holding by Andhra Government and 49% by Indian Government. Accordingly Company has already paid Rs.44.28 Crores dividend for the year 2010-11 to Government of Andhra Pradesh.