Government Receives Rs 2,413 Crore Dividend from BPCL

The government has received around Rs 2,413 crore in dividends from BPCL. In the fiscal year 2024-25, total dividend receipts from various CPSEs have reached Rs 15,389.14 crore. The government targets Rs 56,260 crore in dividends for this fiscal year, up from Rs 50,000 crore in 2023-24.

The government has received an impressive Rs 2,413 crore in dividends from the oil PSU BPCL, according to the Department of Investment and Public Asset Management (DIPAM). DIPAM Secretary Tuhin Kanta Pandey confirmed this dividend tranche on social media platform X.

So far in the financial year 2024-25, the government has collected Rs 15,389.14 crore in dividends from various CPSEs. Significant contributions include Rs 5,091 crore from Indian Oil Corp (IOC), Rs 40 crore from Electronics Corporation of India Ltd (ECIL), Rs 554 crore from Power Finance Corp, and Rs 3,443 crore from Telecommunications Consultants India Ltd (TCIL) as a special dividend.

The government's dividend target for the current fiscal stands at Rs 56,260 crore, up from the Rs 50,000 crore budgeted in the previous fiscal year. Additionally, Life Insurance Corporation (LIC) recently paid a dividend of Rs 3,662.17 crore for FY24, supplementing an interim dividend of Rs 2,441.45 crore paid in March 2024.

(With inputs from agencies.)