ADVERTISEMENT
ADVERTISEMENT

SAIL Declares Interim Dividend Of Re 1 For This Fiscal

This is the first dividend the company has paid for the current fiscal.
<div class="paragraphs"><p>Steel Authority of India signage. (Photo:&nbsp;Adnan Abidi/Reuters)</p></div>
Steel Authority of India signage. (Photo: Adnan Abidi/Reuters)
ADVERTISEMENT

State-run Steel Authority of India Ltd. will pay shareholders an interim dividend of Rs 1 for each share of face value Rs 10.

In its meeting, the board of the SAIL approved the motion to pay the dividend, the company informed exchanges in a filing on Thursday.

The record date for the payment of the dividend has been fixed at March 24, 2023.

This is the first dividend the company has paid for the current fiscal.

Shares of SAIL closed 2.65% lower at Rs 85.34 apiece, compared with a 0.14% rise in the Sensex, which ended the session at 57,634.84.

WRITTEN BY

author-name
Vivek Punj covers business and markets at BQ Prime as a...more
Get Regular Updates