Govt Receives Around Rs 814 Cr From 5 CPSEs As Dividend This Fiscal

The government has received nearly Rs 814 crore as dividend tranches from five CPSEs, including PFC, HUDCO and OIL, this fiscal year, DIPAM secretary said on Monday.

"Dividend tranches of about Rs 296 crore and Rs 233 crore have been received respectively from PFC and HUDCO," DIPAM Secretary Tuhin Kanta Pandey tweeted.

OIL, KIOCL and SJVN have paid about Rs 92 crore, Rs 99 crore and Rs 94 crore respectively as dividend tranches to the government, he added.

As per the Department of Investment and Public Asset Management (DIPAM) website, so far in the current financial year (April-March), the government has received Rs 8,096 crore as dividend from central public sector enterprises (CPSEs).

Besides, Rs 9,110 crore has been mobilised through disinvestment of minority stake in CPSEs.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor