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Govt receives cumulative ₹347 Cr as dividend from BEL, HUDCO

1 min read ANI 29 Mar 2023, 07:06 PM IST

Government has respectively received about ₹224 crore and ₹123 crore from BEL and HUDCO as dividend tranches, said the Department of Investment and Public Asset Management (DIPAM) secretary in a tweet.

The Centre has received about ₹224 crore and ₹123 crore, respectively, from Bharat Electronics (BEL) and Housing and Urban Development Corporation (HUDCO) as dividend tranches.

A dividend is a reward companies often provide to their shareholders, though not mandatorily, from a portion of their earnings.

"Government has respectively received about ₹224 crore and ₹123 crore from BEL and HUDCO as dividend tranches," said the Department of Investment and Public Asset Management (DIPAM) secretary in a tweet.

On Tuesday, the government received about ₹1,355 crore from GAIL (India) Limited as a dividend tranche.

This story has been published from a wire agency feed without modifications to the text.

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Updated: 29 Mar 2023, 07:06 PM IST

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