Press Release 2022
13-03-2022
GAIL (India) Limited
GAIL declares second Interim Dividend of ₹ 5 per Equity Share for FY 2021-22
New Delhi, March 13, 2022: GAIL (India) Limited has declared 2nd Interim Dividend of 50% on the paid-up Equity Share Capital, which is ₹ 5 per Equity share for FY 2021-22 (Total Dividend amount: ₹ 2,220.19 crore) with a record date of March 22, 2022. The decision was taken by the Board of Directors of GAIL, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, at their meeting here on Friday.
For the current FY 2021-22, GAIL has already declared an interim dividend of ₹ 4 per share to its shareholders in the month of December 2021 taking the total of 1st and 2nd interim dividend by the Company to ₹ 9 per Equity share (90% on the paid-up Equity Share Capital and Total Dividend amount: ₹ 3,996.35 crore).
Shri Manoj Jain, Chairman & Managing Director, GAIL stated that the company’s shareholders have been provided with steady long-term returns on their investments. Further, this is the highest ever dividend payment in terms of total dividend amount by GAIL, he said.
Based on current shareholding of Government of India (51.45%), Dividend of ₹ 1,142.29 crore shall be paid to Government of India and ₹ 1,077.90 crore to other Shareholders.