Center receives ₹413 cr as dividend from NBCC, NALCO, 3 other CPSEs

Central government has got 413 crore as dividend from five Central Public Sector Enterprises (CPSEs) announced in a government statement on Thursday.

“Government got it” 52 crores, 24 crore and 94 crore as dividend installments from NBCC, Cochin Shipyard Limited and NALCO respectively,” announced DIPAM Secretary Tuhin Kanta Pandey.

“Government got it” 78 crore and 165 crore as dividend installments from Antriksh Corp and NLC respectively,” he further added.

The latest dividend payment comes a day after Bharat Petroleum Corporation Ltd.BPCL) have paid 6,665 crore as dividend to the central government for the financial year 2020-21. This includes special dividend on account of profit on sale of BPCL’s stake in Numaligarh Refinery in March, 2021.

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

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