Business News | Govt Receives Cumulative Rs 838 Cr as Dividend from Nuclear Power Corporation, Uranium Corporation

New Delhi [India], March 31 (ANI): The Centre has received about Rs 736 crore and Rs 102 crore, respectively, from Nuclear Power Corporation of India Limited (NPCIL) and Uranium Corporation of India (UCI) 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 736 crores and Rs 102 crores from NPCIL and UCIL as dividend tranches," said the Department of Investment and Public Asset Management (DIPAM) secretary in a tweet.

Earlier on March 29, the Centre stated that it had received about Rs 224 crore and Rs 123 crore, respectively, from Bharat Electronics (BEL) and Housing and Urban Development Corporation (HUDCO) as dividend tranches.

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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 tweet by DIPAM Secretary read. (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)