Oil India Ltd (OIL) has announced an interim dividend of Rs 11 per share (110 per cent) for 2012-13 fiscal for which the record date will be January 24.
The company said that the dividend was payable on and from January 25 and the payment will be completed on and before February 15.
OIL’s shares went up sharply on the BSE today by 10.31 per cent or Rs 53.10 to Rs 568 on the back of the Government’s announcement permitting oil marketing companies to make a small correction in diesel prices.
Trading volume in the counter was already about ten times the normal volume — 3.44 lakh shares against the two-week average volume of 39,000 shares.