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Coal India Will Pay Record $3 Billion Interim Dividend

Coal India Ltd. (COAL), the world’s largest producer, will pay a record dividend of 183 billion rupees ($3 billion) to help the government cut its budget deficit.

The company, owned 90 percent by the government, will make an interim payment of 29 rupees a share for the year ending March 31, according to a stock exchange statement today. The dividend will be paid starting Jan. 25, it said.