Indian Oil Corp announces dividend and investment plans
pre-market1 source ↓written by the desknot a recommendation
Indian Oil Corp Ltd has recommended a final dividend of ₹7.50 per share for FY 2023-24, pending shareholder approval at the upcoming AGM. The company continues to focus on heavy investments in refining and petrochemicals, attracting interest from both domestic and global investors. This dividend announcement may enhance investor sentiment in the energy sector.
• Dividend approval on 17 May 2024
• Payment date to follow record date set by BSE/NSE
• Core component of NSE Nifty energy universe
Not investment advice. For informational purposes only.