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Business News/ News / India/  Centre receives 413 crore as dividend from NBCC, NALCO, 3 other CPSEs
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Centre receives ₹413 crore as dividend from NBCC, NALCO, 3 other CPSEs

As per the Department of Investment and Public Asset Management, so far in the current financial year the government has received ₹15,651 crore as dividend from CPSEs

The latest dividend payout comes a day after BPCL paid ₹6,665 crore as dividend to the central government for FYFY 2020-21.Premium
The latest dividend payout comes a day after BPCL paid 6,665 crore as dividend to the central government for FYFY 2020-21.

The central government has received 413 crore in total as dividend tranches from five central public sector enterprises (CPSEs), a government statement announced on Thursday.

“Government has received 52 crore, 24 crore and 94 crore respectively from NBCC, Cochin Shipyard Ltd, and NALCO as dividend tranches," announced DIPAM Secretary Tuhin Kanta Pandey.

“Government has received 78 crore and 165 crore respectively from Antariksh corp.and NLC as dividend tranches," he further added.

The latest dividend payout comes a day after Bharat Petroleum Corporation Limited (BPCL) paid 6,665 crore as dividend to the central government for financial year 2020-21. This includes special dividend on account of gains especially on sale of BPCL's stake in Numaligarh Refinery in March, 2021.

As per the Department of Investment and Public Asset Management (DIPAM) website, so far in the current financial year (April-March) the government has received 15,651 crore as dividend from CPSEs. Meanwhile, around 9,330 crore has been mobilised through disinvestment of minority stake in CPSEs.

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Updated: 28 Oct 2021, 10:42 PM IST
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