Press Releases

GAIL pays Rs. 290.96 crores to the Government as interim dividend for FY 2005-06
GAIL (India) Limited
(New Delhi, January 20, 2006)

New Delhi, January 20, 2006 Shri Proshanto Banerjee, Chairman & Managing Director of GAIL (India) Limited handed over a cheque of Rs. 290.96 crores to Shri Mani Shankar Aiyar, Hon’ble Minister, Petroleum and Natural Gas and Panchayati Raj today, towards an interim dividend for the financial year 2005-06.

Earlier, the Board of Directors of GAIL at their meeting held on 12th January, 2006 had approved payment of 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. 4,200 crores to its shareholders.