Coal India gains on dividend payment for 2012/13

Tue May 21, 2013 2:50pm IST

A labourer loads coal onto a truck at a coal yard on the outskirts of Jammu August 24, 2012. REUTERS/Mukesh Gupta/Files

A labourer loads coal onto a truck at a coal yard on the outskirts of Jammu August 24, 2012.

Credit: Reuters/Mukesh Gupta/Files

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Reuters Market Eye - Shares in Coal India Ltd (COAL.NS) gain 2 percent after its board recommended on Monday a higher-than-expected dividend of 4.3 rupees per share for financial year 2012-13.

Nomura says the final dividend compared with 0.5 rupee per share in the previous fiscal year and is above consensus forecast.

(Reporting by Abhishek Vishnoi)

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