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Coal India, ONGC, Indian Oil, POWERGRID and NTPC lead dividend payouts

Newsmantra — Thu, 03 Apr 2025 05:21:43 +0000

The Govt of India has received a record Rs 74,016.68 crore in dividend receipts from central public sector enterprises (CPSEs) in the financial year 2024-25, surpassing the Rs 63,749.29 crore collected in FY24. The latest figures for FY25 reflect a nearly 16 percent rise over the previous year, according to official sources.

“Coal India Limited, Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation Limited (IOCL) emerged as the highest dividend-paying CPSEs for the year,” a senior government official told Moneycontrol.

Coal India Limited, the world’s largest coal-producing company, emerged as the highest contributor, remitting Rs 10,252.09 crore in dividends to the exchequer. It was closely followed by ONGC, India’s state-owned oil and gas major, which paid Rs 10,001.97 crore. Indian Oil Corporation Limited (IOCL), the country’s leading fuel retailer, contributed Rs 5,090.54 crore, while Power Grid Corporation of India Limited (PGCIL) and NTPC paid Rs 4,824.59 crore and Rs 4,088.16 crore, respectively, he said.

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NSIC pays Rs 37.97 crore dividend to government

Newsmantra — Fri, 06 Dec 2024 08:46:09 +0000

The National Small Industries Corporation Limited (NSIC), a Mini Ratna enterprise under the Ministry of MSME, paid a dividend of Rs 37.97 crore to the Government of India for the financial year 2023-24. The dividend cheque was presented by Dr. Subhransu Sekhar Acharya, CMD, NSIC, to Shri Jitan Ram Manjhi, Hon’ble Union Minister of MSME, and Sushri Shobha Karandlaje, Hon’ble MoS, Ministry of MSME, in the presence of Shri S.C.L. Das, Secretary, Ministry of MSME, Ms. Mercy Epao, JS (SME), Shri Kartikeya Sinha, Director (P&M) and Shri Gaurav Gulati, Director (Finance), NSIC and other senior officials from Ministry and NSIC.

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First-ever dividend payment by BCCL

Newsmantra — Mon, 05 Aug 2024 05:19:52 +0000

BCCL CMD, Shri Samiran Dutta presented a ceremonial cheque of ?44.43 crore to CIL Chairman, Shri P M Prasad.

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