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India Inc getting generous with payouts

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Deepak Korgaonkar Mumbai
Last Updated : Jan 28 2013 | 8:31 PM IST
20052006 ONGC250180 NTPC2024 TCS900900 Indian Oil

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60 SAIL1316 NMDC115267 BHEL40125 Infosys Tech130100 HCL Techno600400 Sterlite Inds

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200 *Nine months (April-December)  Of the 152 firms that have paid interim dividend, 35 have paid 100 per cent each, 26 have paid 50-100 per cent and 50 have paid 20-50 per cent.  Among new entrants, Ircon International paid 203 per cent, Schrader Duncan 175 per cent, Jetking Infotrain 140 per cent and Monsanto India 100 per cent. Jagran Prakashan (75 per cent), Deccan Chronicle (50 per cent) and Sun TV (30 per cent) are among the newly listed companies that announced interim dividends.  Oil and Natural Gas Corporation is the largest dividend paying company with a 180 per cent payout. In absolute terms, it works out to Rs 3,850 crore.  National Thermal Power Corporation (NTPC) has paid Rs 1,979 crore, followed by Tata Consultancy Services (TCS) Rs 880 crore, IndianOil Rs 701 crore, Steel Authority of India Rs 661 crore, National Mineral Development Rs 353 crore and BHEL Rs 306 crore.  IndianOil, HPCL and BPCL together paid Rs 1,121 crore interim dividends on account of posting net profit of Rs 7,796 crore against net loss of Rs 2,267 crore in first nine months of the previous year.  In information technology, TCS declared 900 per cent interim dividend (Rs 9 per share on Re 1 paid up share), HCL Technologies 400 per cent (Rs 8 on Rs 2 paid up), and Infosys Technologies 100 per cent (Rs 5 on Rs 5 paid up).

 

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First Published: Feb 04 2007 | 12:00 AM IST

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