Adversitement
Centre's Dividend Receipts from CPSEs Exceed Revised Estimate by 26% to ₹63,000 Crore
Published On : 2024-03-31T15:34:24+0530 [ IST ] |
Author : Mayur_Tembhare
Home
Business
Investment
Cash - Fiscal Deficit
India :
The Centre's dividend receipts from Central Public Sector Enterprises (CPSEs) have surpassed the revised budget estimate by 26%, reaching approximately ₹63,000 crore for the current fiscal year. Major PSUs such as Coal India, ONGC, Powergrid, and GAIL have contributed significantly to this robust dividend payout.
Source : Business Line
Tags : Centre , ONGC , dividend receipts , financial performance , GAIL , Powergrid , Coal India , government revenues. , shareholder interests , revised estimate , fiscal year , CPSEs ,
Summary : The actual dividend collections for the fiscal year 2023-24 have exceeded expectations, with CPSEs delivering a remarkable financial performance. Dividend tranches from key entities like ONGC, Coal India, and others have boosted government revenues and shareholder interests. These dividends not only reflect the health of CPSEs but also serve to maintain investor interest in PSU shares.
Adversitement