Four CPSEs pay Rs 5,155 crore dividend to govt: DIPAM Secretary

Topics Dipam | CPSEs | dividend

The government has received Rs 5,155 crore as dividend tranches from four CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Monday.

"Government has respectively received about Rs 4,180 crore and Rs 575 crore from ONGC and BPCL as dividend tranches," Pandey tweeted.

The government has respectively received about Rs 240 crore and Rs 160 crore from SPMCIL and ECGC as dividend tranches, he said in another tweet.

The dividend from these four CPSEs add up to Rs 5,155 crore.

With this, so far this fiscal Rs 25,376.75 crore has been obtained through dividends from various CPSEs, as per the Department of Investment and Public Asset Management (DIPAM) website.

(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.)

Dear Reader,

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

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel