New Delhi [India], September 13 (ANI): The central government has received about Rs 1,701 crore from Power Grid Corporation of India Limited (PGCIL) as a dividend tranche, the secretary at the Department of Investment and Public Asset Management posted on its X handle on Wednesday.

“Government has received about Rs 1701 crore from Power Grid Corporation of India Ltd. (PGCIL) as dividend tranche,” the divestment secretary wrote.

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A dividend is a reward companies often provide to their shareholders, though not mandatorily, from a portion of their earnings.

Headquartered in Gurugram, PGCIL is engaged mainly in the transmission of bulk power across states in India.

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Earlier, on Monday, the government has respectively received about Rs 2,182 crore and Rs 460 crore from Indian Oil Corporation Ltd and Bharat Petroleum Corporation Ltd as dividend tranches. (ANI)

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