The authorities has acquired round Rs 5,001 crore as dividend tranche from ONGC, bringing the full dividend receipt of all CPSEs (Central Public Sector Enterprises) up to now this fiscal yr to Rs 23,797 crore.
“Government has received around Rs 5,001 crore from ONGC as dividend tranche,” Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.
DIPAM, in 2020, suggested CPSEs to observe a constant dividend coverage and try to pay increased dividends taking into consideration elements comparable to profitability, capex necessities, money/reserve and internet price.
Under the rules, CPSEs should pay a minimal annual dividend of 30 % of revenue after taxes (PAT) or 5 % of internet price, whichever is bigger.
Total dividend receipts up to now this fiscal yr amounted to Rs 23,796.55 crore, in response to the DIPAM web site.
[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]