Indian Oil Corporation (IOC), India's largest oil marketing company, announced that the board of the company on Tuesday declared a second interim dividend of Rs 3 per share  of face value of Rs.10 each for the ongoing financial year.

"The Board Meeting is scheduled on Mar.16, 2021 for considering declaration of second interim dividend as well as fixing Mar. 24, 2021 as the record date to determine the eligibility of shareholders to receive the second interim dividend if declared at the Board Meeting," the company said.

Shares of the company declined Rs 0.9, or 0.92%, to settle  at  Rs 97.30.  The total volume of shares traded  was  1,640,336 at  the BSE (Thursday).