New Delhi : The central government has received around ₹6,113 crore and ₹25 crore as dividend from public sector company Coal India Limited and Metal Scrap Trade Corporation Limited (MSTC), respectively.
Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, gave this information by tweeting on Monday.
The government had earlier received dividends worth crores of rupees from public sector companies Power Grid, Oil India, BEL, Mazagon Dock and MIDHANI. In fact, as per DIPAM guidelines, CPSEs are required to pay a minimum annual dividend of 30 per cent of profit after tax (PAT) or five per cent of net worth, whichever is higher.