According to the company’s website press release on March 13, 2023, GAIL (India) Limited, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, has declared Interim Dividend for FY 2022-23 of 40% on the paid-up Equity Share Capital, which is Rs 4 per Equity share (Total Dividend amount: Rs 2,630 crore) with a record date of March 21, 2023. The Board of Directors accorded the approval in a meeting held.
Shri Sandeep Kumar Gupta, Chairman & Managing Director, GAIL stated that the Company has been providing shareholders with a steady long-term returns on their investments.
Further, based on current shareholding of Government of India (51.52%), Dividend of about Rs 1,355 crore shall be paid to Government of India, while other shareholders will receive about Rs 1,275 crore.
