Top companies

ASIANPAINT - 2459.9 (0.53%) AXISBANK - 1160.3 (-0.9%) BAJAJFINSV - 2072.1 (-0.59%) BAJFINANCE - 1029 (0.34%) BHARTIARTL - 1929.1 (-0.5%) BPCL - 330.1 (-0.09%) COALINDIA - 393.4 (-0.17%) HDFCBANK - 948.6 (-0.9%) HEROMOTOCO - 5275 (-1.78%) HINDUNILVR - 2556.9 (1.38%) ICICIBANK - 1380.8 (-0.97%) INDUSINDBK - 741.6 (-1.81%) ITC - 401.3 (-0.47%) KOTAKBANK - 2031.8 (-0.78%) MARUTI - 16232 (0.84%) ONGC - 239 (0.99%) RELIANCE - 1385.8 (-0.29%) SBIN - 866.6 (-0.46%) TATAMOTORS - 683.05 (-2.61%) TATASTEEL - 172.94 (-0.2%) TCS - 3041.4 (-0.69%) TITAN - 3422.7 (-0.48%) WIPRO - 244.71 (-1.97%)
TRENDING #BANK NIFTY 149 #ADANIPORTS 86 #ZOMATO 72

Govt gets bumper dividend from Coal India & other PSUs

25 Dec , 2021   By : Kanchan Joshi


Govt gets bumper dividend from Coal India & other PSUs

NEW DELHI : The government received Rs3,668 crore from Coal India as dividend tranche, taking the total proceeds from dividend from public sector enterprises to over Rs33,479 crore for FY22 so far.


It also received Rs21 crore, Rs48 crore, Rs69 crore and Rs23 crore from Telecommunications India Ltd, IRCON, RITES and NIIFL as dividend tranches. Filed.


"Government has received about Rs3668 crore from Coal India Ltd and Rs21 crore from Telecommunications India Ltd as dividend tranches," secretary of the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey said in a Twitter post Friday evening.


"Government has respectively received about Rs48 crore, Rs69 crore and Rs23 crore from IRCON, RITES and NIIFL as dividend tranches," he added.


The government has so far received a total of Rs42,809.48 crore from proceeds of disinvestment and dividends, of which only Rs9,329.9 crore has come from divestment of strategic and non-strategic sales, besides OFS and employee OFS route of NMDC, Hudco and Hindustan Copper Ltd.


The government has set a target of Rs1.75 lakh crore from disinvestment proceeds in the ongoing fiscal 2022. It anticipates more proceeds from strategic divestment of PSUs such as BPCL, Shipping Corporation of India, BEML and Pawan Hans.


0 Comment


LEAVE A COMMENT


Growmudra © 2026 all right reserved

Partner With Us