Business News | Centre Got Rs 360 Crore Dividends from 5 State-owned Firms
Get latest articles and stories on Business at LatestLY. The central government has received a total of Rs 360 crore on a cumulative basis as dividends from five state-owned companies, the Department of Investment and Public Asset Management (DIPAM) said on Friday.
New Delhi [India], October 14 (ANI): The central government has received a total of Rs 360 crore on a cumulative basis as dividends from five state-owned companies, the Department of Investment and Public Asset Management (DIPAM) said on Friday.
Those companies are Power Finance Corporation (PFC), Engineers India Limited (EIL), Balmer Lawrie Investments, Indian Railway Construction Limited (IRCON), and Rail India Technical and Economic Service Limited (RITES).
Also Read | PhonePe Launches Online Dispute Resolution Feature for UPI.
They paid Rs 185 crore, Rs 29 crore, Rs 40 crore, Rs 45 crore, and Rs 61 crore, respectively, the DIPAM said.
A dividend is a reward that companies often provide to their owners from a portion of their earnings. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)