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Government Gains Over Rs 6,600 Crore As Dividend From A Lots CPSEs

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Government has actually received Rs 6,600 crore as dividend tranches from major PSUs this fiscalNew Delhi: Federal government has received about Rs 6,600 crore as dividend tranches from a lots main public sector business (CPSEs), consisting of GAIL, NMDC and Power Grid.

Federal government has gotten about Rs 972 crore and Rs 2506 crore from Nuclear Power Corporation of India Limited (NPCIL) and Power Grid Corporation of India Limited as Dividend tranches, department of financial investment and public possession management (DIPAM) secretary Tuhin Kanta Pandey stated in a tweet on Monday.Besides, Hindustan Aeronautics, Bharat Electronic Devices, HLL Lifecare Ltd, FAGMIL and NSIC have offered Rs 351 crore, Rs 149 crore, Rs 19 crore, Rs 12 crore and Rs 31 crore as dividend tranches, respectively.

Federal government has gotten about Rs 1605 crore and Rs 913 crore from NMDC and GAIL respectively as Dividend tranches, he stated in another tweet.About Rs 42 crore, Rs 26 crore and Rs 25 crore were gotten from Central Warehousing Corporation, National Highways Infrastructure Advancement Corporation and WAPCOS, he said.In aggregate, the federal government got Rs 6,651 crore as dividend on Monday from these 12 business.

With this, total profits from dividend from public sector business reached near Rs 40,000 crore for the present financial so far.




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