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| ONGC receives dividend of Rs 2.45 crore from PHHL for FY 2008-09 |
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January 19, 2010
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ONGC received an amount of Rs. 2.45 crore from Pawan Hans Helicopters Ltd. (PHHL) towards dividend payment for FY 2008-09 on Jan 18,2010 in New Delhi. Pawan Hans has an Equity Capital of Rs. 113.76 crores with ONGC equity aggregating to Rs. 24.50 crores (21.5%) and GOI equity of Rs. 89.26 crores (78.5%).
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Receiving the cheque, Mr R S Sharma, CMD, ONGC and Chairman ONGC Group of companies said, "We look forward to cement and consolidate our business and operational synergies with PHHL by way of a collaborative effort. ONGC while congratulating PHHL in its silver jubilee year looks forward looks to a safe and secure logistical support from PHHL for its various critical offshore operations".
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Dividend Cheque - CMD ONGC, Mr. R S Sharma on left seen with CMD PHHL, Mr. R K Tyagi on right. Also seen in the picture are ONGC Board Members.
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PHHL has been regularly paying dividend to the Govt. of India . and ONGC since last 17 years. Against the ONGC's equity share of Rs. 24.50 crores, PHHL has till date paid Rs. 45 crores to ONGC as dividend.
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Issued By
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Oil and Natural Gas Corporation Ltd.
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Corporate Communications, New Delhi
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