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Written by 1:37 pm Manufacturing Processes

Government CPSE dividend collection hits a record high of US$ 7.4 billion (Rs. 61,149 crore).

The government’s dividend earnings from non-financial central public sector enterprises (CPSEs) and entities with minority stakes have surged to an all-time high of US$ 7.4 billion (Rs. 61,149 crore), marking a remarkable 22% increase over the revised estimate for the 2023-24 financial year. This exceptional performance, nearing the financial year-end, underscores robust financial performances across CPSEs, with notable contributions from sectors like oil and power despite global concerns such as the Israel-Hamas conflict. The Department of Investment and Public Asset Management (Dipam) has recorded total receipts of US$ 9.2 billion (Rs. 75,886 crore), including disinvestment proceeds and dividend collections, with disinvestment revenue standing at US$ 1.8 billion (Rs. 14,737 crore) and miscellaneous receipts targeted at US$ 3.6 billion (Rs. 30,000 crore).

An official attributed this buoyancy to Dipam’s consistent dividend policy advisory, encouraging CPSEs to maintain regular dividend payments. This month, notable dividend payments include US$ 259.3 million (Rs. 2,149 crore) from Power Grid Corporation of India, US$ 246.5 million (Rs. 2,043 crore) from Coal India, and US$ 134.5 million (Rs. 1,115 crore) from NTPC. Despite a relatively lower payout from certain entities, dividend flow from CPSEs has remained broad-based, reflecting effective management strategies and encouragement for diversification within ministries.


Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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