Bharat Petroleum Corporation (BPCL) has declared a record Rs 12,581 crore dividend, more than half of which will go to the government, ahead of the privatisation of the company. Board of Directors has recommended a final dividend of Rs 58 per equity share (including one-time special dividend of Rs 35 per equity share of Rs 10 each) for the financial year ended March 31, 2021 subject to the approval of the shareholders. The dividend works out to Rs 12,581.66 crore, including special dividend of Rs 7592.38 crore.
The government, which is selling its entire 52.98 per cent stake in BPCL, will get Rs 6,665.76 crore plus dividend distribution tax. The dividend declared is in addition to the interim dividend of Rs 21 per share paid earlier in the fiscal.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1353.65 |
| Indian Oil Corp. | 147.40 |
| BPCL | 318.05 |
| HPCL | 384.70 |
| MRPL | 180.75 |
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