 "Indian Oil corporation, IOC")
Government has received about Rs 5,091 crore from Indian Oil Corporation Ltd (IOCL) as dividend tranche. | Photo: Shutterstock
The government has received about Rs 5,091 crore from Indian Oil Corp as dividend, the Department of Investment and Public Asset Management (DIPAM) said on Thursday.
The “Government has received about Rs 5,091 crore from Indian Oil Corporation Ltd (IOCL) as dividend tranche,” DIPAM Secretary Tuhin Kanta Pandey said in a post on X.
During the current financial year 2024-25, so far Rs 10,604.74 crore has been obtained through dividend from the CPSEs.
This include Rs 40 crore from Electronics Corporation of India Ltd (ECIL), Rs 554 crore from Power Finance Corp, and Rs 3,443 crore from Telecommunications Consultants India Ltd (TCIL) as special dividend.
In the current fiscal, the government has budgeted to collect Rs 56,260 crore as dividend from public sector enterprises, up from Rs 50,000 crore in 2023-24 fiscal.
Separately, country’s largest insurer Life Insurance Corporation (LIC) has paid a dividend of Rs 3,662.17 crore for FY2023-24.
“Smt @nsitharaman receives a dividend cheque of Rs 3,662.17 crore for FY 2023-24 from Shri Siddhartha Mohanty, MD & CEO – @LICIndiaForever,” Finance Minister Nirmala Sitharaman’s Office said in a post on X.
This amount is in addition to the interim dividend of Rs 2,441.45 crore paid by LIC earlier in March 2024.
(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.)
First Published: Aug 29 2024 | 9:40 PM IS