Govt receives bumper dividend from Coal India, other PSUs

The government received Rs. 3,668 crore from Coal India as dividend tranche, taking the total proceeds from dividend from public sector enterprises to over Rs. 33,479 crore for FY22 so far.

It also received Rs. 21 crore, Rs. 48 crore, Rs. 69 crore and Rs. 23 crore from Telecommunications India Ltd, IRCON, RITES and NIIFL as dividend tranches. Filed.

“Government has received about Rs. 3668 crore from Coal India Ltd and Rs. 21 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.

“Government has respectively received about Rs. 48 crore, Rs. 69 crore and Rs. 23 crore from IRCON, RITES and NIIFL as dividend tranches,” he added.

The government has so far received a total of Rs. 42,809.48 crore from proceeds of disinvestment and dividends, of which only Rs. 9,329.9 crore has come from divestment of strategic and non-strategic sales, besides OFS and employee OFS route of NMDC, Hudco and Hindustan Copper Ltd.