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New Delhi, May 27 (ANI): The state-owned Oil India Limited on Wednesday declared a dividend of 340 percent in its fourth quarter results. N. M. Borah, Chairman and Managing Director of O. I. L. announced that the declared dividend is one of the highest declared by the company so far. The dividend payout of 340 percent was declared after the net profit rose 20.76 percent in the fiscal yearend of March, on account of a production increase, a rise in the realization price and forex earnings.
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