Business News | Centre Receives Rs 1,701 Cr from Power Grid Corp as Dividend
Get latest articles and stories on Business at LatestLY. A dividend is a reward companies often provide to their shareholders, though not mandatorily, from a portion of their earnings.
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.
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.
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)
(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)