The government has received around 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 around 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, Rs 10,604.74 crore has been earned so far through dividends from CPSEs.
This includes 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 year, the government has budgeted to collect Rs 56,260 crore as dividends from public sector undertakings, up from Rs 50,000 crore in fiscal year 2023-24.
On the other hand, the country’s largest insurer, Life Insurance Corporation (LIC), paid a dividend of Rs 3,662.17 crore for the fiscal year 2023-24.
“Smt @nsitharaman receives dividend cheque of Rs 3,662.17 crore for FY 2023-24 from Shri Siddhartha Mohanty, MD & CEO – @LICIndiaForever,” Finance Minister Nirmala SitharamanThe prosecutor’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 in early March 2024.
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