Business News | Govt Receives Rs 1,223 Crore as Dividend from Coal India
Get latest articles and stories on Business at LatestLY. The central government has received about Rs 1,223 crore from Coal India as dividends, the Department of Investment and Public Asset Management said.
New Delhi [India], September 8 (ANI): The central government has received about Rs 1,223 crore from Coal India as dividends, the Department of Investment and Public Asset Management said.
"Government has received about Rs 1223 crore from Coal India Ltd as dividend tranche," the department said in a tweet on Thursday.
In financial parlance, a sum of money paid by a company to its shareholders out of its income are called dividends.
On Wednesday, the government received dividends worth Rs 277 crore and Rs 226 crore from ECGC and GAIL, respectively.
Again earlier this week, it received Rs 2,408 crore and Rs 1,745 crore from ONGC and IOCL as dividends. (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)