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State-owned Coal India on Friday said that its board will meet next week to consider payment of interim divided for the ongoing fiscal.
“A meeting of the Board of Directors of the company will be held on March 5, 2016, inter alia, to consider payment of interim dividend, if any, for the year 2015-16,” the company said in a filing to BSE.
In another filing to the bourses, the company said that if dividend is declared by the board, the company has fixed March 15, 2016 as the ‘Record Date’ for the purpose of payment of interim dividend.
Coal India accounts for over 80 per cent of the domestic coal production. The company is eyeing one billion tonnes of production target by 2020.
The company has fixed a target to achieve 550 million tonnes of production in the ongoing fiscal.
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