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Rs 16.6k-crore payout to erase 44% net worth of CIL

Rs 16.6k-crore payout to erase 44% net worth of CIL

Wednesday, March 15, 2017, 2:40 PM

Coal India may part with about 43% of its cash reserves, effectively eroding the company’s net worth by 44%, while paying out its interim dividend on Wednesday, according to company estimates, is expected to pay a Rs 16,600-crore interim dividend. In this case, this amount will mean a decline of 44% in its net worth or a payout of 2.6 times its net profit.
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