New Delhi [India], March 29 (ANI): The Centre has received about Rs 224 crore and Rs 123 crore, respectively, from Bharat Electronics (BEL) and Housing and Urban Development Corporation (HUDCO) as dividend tranches.

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

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"Government has respectively received about Rs 224 crore and Rs 123 crore from BEL and HUDCO as dividend tranches," said the Department of Investment and Public Asset Management (DIPAM) secretary in a tweet.

On Tuesday, the government received about Rs 1,355 crore from GAIL (India) Limited as a dividend tranche. (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)