New Delhi [India], November 28 (ANI): The central government has received Rs 3,636 crore from Indian Oil Corporation of India Ltd as a dividend tranche.

Also, it received received about Rs 23 crore from RailTel Corporation of India Ltd.

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"Government has respectively received about Rs 3636 crore and Rs 23 crore from Indian Oil Corporation Ltd and RailTel Corporation of India Ltd as dividend tranches," the secretary at the Department of Investment and Public Asset Management posted on its X handle on Tuesday.

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

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(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)