Bharat Petroleum pays Rs 2,413 crore dividend to Central Govt
THE JHARKHAND STORY DESK New Delhi, Dec 29: The secretary of the Department of Investment and Public Asset Management announced on…
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THE JHARKHAND STORY DESK
New Delhi, Dec 29: The secretary of the Department of Investment and Public Asset Management announced on its X handle on Friday that the central government had received around Rs 2,413 crore from BPCL (Bharat Petroleum Corporation Limited) as a dividend tranche.
Dividends are payments made by companies to their shareholders from a portion of their earnings, however, they are not mandatory.
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In a separate post on Thursday, the divestment secretary stated that the government has received a dividend of approximately Rs 832 crore from Power Finance Corporation Limited (PFC).
As dividend tranches, Mazagon Dock Shipbuilders Limited and IREL (India) Limited gave the central government around Rs 262 crore and Rs 120 crore, respectively, last week.
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