Press release issued by the company informs, now the proposal will be put forward before the annual general meeting (AGM) for the approval.
Company's paid up capital is Rs 845.65 crore and total reserves are around Rs 12,160 crore, press release adds.
Besides this company has earned the post tax profit of Rs 2,601 crore and board has recommended the dividend of 100 per cent.
Gail is one of the leading public sector performer with consistent track record.
Company's compounded annual growth rate 13 per cent over last decade and its market capitalisation is around Rs 35,000 crore, press release points out.
