The central government received Rs 903 crore and Rs 78 crore from Indian Railway Finance Corporation Ltd (IRFC) and RITES Ltd, respectively, as dividend tranches.
The hub receives Rs 903 crore as dividend from Indian Railway Finance Corporation
The Department of Investments and Management of Public Assets (DIPAM) tweeted the information through the Twitter handle of the DIPAM secretary, Tuhin Kanta Pandey.
It further reported that Rs 503 crore and Rs 66 crore were also received from Hindustan Aeronautics Ltd (HAL) and Rashtriya Chemicals and Fertilizers Ltd (RCFL) respectively as dividend tranches.
Public Sector Enterprises (PSUs) are required to pay the government a minimum annual dividend of 30 percent of their profits or 5 percent of their net worth, whichever is higher.
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[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]
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