Cummins India Limited Recommends Final Dividend for the Financial Year Ended on March 31, 2020, Payable on September 21, 2020
June 17, 2020 at 03:53 pm
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Cummins India Limited informed that the Board of Directors have recommended final dividend of INR 7 per equity shares on 277,200,000 equity shares (face value INR 2 each fully paid up) for the financial year ended on March 31, 2020 in addition to the interim dividend of INR 7 per share declared on January 28, 2020. The said dividend amount will be paid on September 21, 2020. Record date is August 18, 2020.
Cummins India Limited is an India-based manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. The Company's business units include engine, power systems and distribution. Its engine business manufactures engines from 60 horsepower (HP) for low, medium and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor. Its power systems business designs and manufactures horsepower engines from 700 HP to 4500 HP for marine, railways, defense and mining applications as well as power generation systems comprising of integrated generator sets in the range of 7.5 kilovolt amperes (kVA) to 3750 kVA including transfer switches, paralleling switchgear and controls for use in standby, prime and continuous rated systems. Its distribution business provides products, packages, services and solutions for uptime of its equipment. Its digital products include Acumen, Incal and Inline.