Coal India board had met today to discuss the option of special dividend. The board had met after Prime Minister Manmohan Singh had asked ministries of Coal and Heavy Industries to explore options like share buyback and special dividend to meet the Budget estimate.
However, according to sources, the CIL board deferred the decision of special dividend and said the decision would be taken closer to February.
As of now, the CIL board today also ruled out buyback option
Also read: Coal India unlikely to meet its output target for FY'14
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