Press Releases

Press Release
[New Delhi, 6th march, 2006]

GAIL pays Rs. 96.98 crores to the Government as Special Interim Dividend for FY 2005-06

Shri Proshanto Banerjee, Chairman and Managing Director of GAIL (India) Limited presented dividend of Rs. 96.98 crores to Shri Murli Deora, Hon’ble Minister for Petroleum and Natural Gas today, towards a Special Interim Dividend @ 20% on the equity share capital of Rs. 845.65 crores for the financial year 2005-06. Shri M S Srinivasan, Secretary, Ministry of Petroleum and Natural Gas and Directors on the Board of GAIL were present on the occasion

Earlier, GAIL has already paid interim dividend @ 60% on the equity share capital of Rs. 845.65 crores for the financial year 2005-06

During the previous financial year, the Company had paid an interim dividend @ 40% followed by a final dividend @ 40%, on the equity share capital

The Government holds 57.345% of the equity share capital in GAIL. The Company has since inception, paid dividend of over Rs. 4,371 crores to its shareholders,/p