Annual Report 2010-2011 of Hindustan Petroleum Corporation Limited

It is a broadly described annual report of Hindustan Petroleum Corporation Limited in the year of 2010-2011. The Company has contributed a sum of Rs. 28,864.15 Crores to the exchequer by way of duties and taxes, as compared to Rs. 21,156.02 Crores in 2009-10. During the financial year, Total assets of the Company stood at Rs. 40,762.62 Crore. During the year ended 31^st March 2011, The Company has achieved sales/income from operations of Rs. 1,42,396.49 Crores as compared to Rs. 1,14,888.63 Crores in 2009-10. The Company has earned the gross profit of Rs. 4,637.09 Crores as against Rs. 4,193.18 Crores in 2009-10 and profit after tax of Rs. 1,539.01 Crores as compared to Rs. 1,301.37 Crores in 2009-10. Earnings per share (EPS) of the Company for the year (Basic & Diluted) Rs. 45.45.

The Board of Directors of the Company has recommended the dividend of Rs. 14 per share for the year 2010-11 as against Rs. 12 per share paid for the year 2009-10. The dividend for 2010-11, including dividend tax provision will absorb Rs. 550.99 Crores (2009-10: Rs. 473.84 Crores).

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