The federal government has acquired about Rs 2,413 crore in dividends from oil PSU BPCL, the Division of Funding and Public Asset Administration (DIPAM) stated on Monday.
“Authorities has acquired about Rs 2,413 crore from BPCL as dividend tranche,” DIPAM Secretary Tuhin Kanta Pandey stated in a submit on X.
Within the present monetary yr 2024-25 up to now, Rs 15,389.14 crore has been acquired by way of dividends from the CPSEs.
This contains Rs 5,091 crore from Indian Oil Corp (IOC), Rs 40 crore from Electronics Company of India Ltd (ECIL), Rs 554 crore from Energy Finance Corp, and Rs 3,443 crore from Telecommunications Consultants India Ltd (TCIL) as particular dividend.
Within the present fiscal, the federal government has budgeted to gather Rs 56,260 crore as dividends from public sector enterprises, up from Rs 50,000 crore within the 2023-24 fiscal.
Individually, the nation’s largest insurer Life Insurance coverage Company (LIC) paid a dividend of Rs 3,662.17 crore for FY24 final week.
This quantity is along with the interim dividend of Rs 2,441.45 crore paid by LIC in March 2024.
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – PTI)
