Annual Report 2008-2009 of Hindustan Petroleum Corporation Limited

It is a broadly described annual report of Hindustan Petroleum Corporation Limited in the year of 2008-2009. The Company has contributed a sum of Rs. 20,990.33 Crores to the exchequer by way of duties and taxes, as compared to Rs. 21,753.33 Crores in 2007-08. During the financial year, Total assets of the Company stood at Rs. 35,089.17 Crore. During the year ended 31^st March 2009, The Company achieved highest ever turnover of Rs. 1,16,428 Crores as against Rs. 1,03,837 Crores in 2007-08. The Company has earned the gross profit of Rs. 3,776.36 Crores as against Rs. 2,725.59 Crores in 2007-08 and profit after tax of Rs. 574.98 Crores as compared to Rs. 1,134.88 Crores in 2007-08. Earnings per share (EPS) of the Company for the year (Basic & Diluted) Rs. 16.98.

The Board of Directors of the Company has recommended a dividend of Rs. 5.25 per share for the year 2008-09 as against Rs. 3.00 per share paid for the year 2007-08. The dividend for 2008-09, including dividend tax provision will absorb Rs. 207.99 Crores (2007-08: Rs. 118.85 Crores).

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