Centre receives Rs 903 crore as dividend from Indian Railway Finance Corporation
The Cente has received Rs 903 crore and Rs 78 crore from the Indian Railway Finance Corporation and RITES Ltd respectively as dividend tranches.
The Central government has received Rs 903 crore and Rs 78 crore from the Indian Railway Finance Corporation Ltd (IRFC) and RITES Ltd respectively as dividend tranches.
Department of investment and public asset management (DIPAM) tweeted the information through the Twitter handle of DIPAM secretary Tuhin Kanta Pandey.
It further informed that Rs 503 crore and Rs 66 crore have also been received from Hindustan Aeronautics Ltd (HAL) and Rashtriya Chemicals and Fertilizers Ltd (RCFL) respectively as dividend tranches.
Public sector undertakings (PSUs) are required to pay to the government a minimum annual dividend of 30 per cent of their profits or 5 per cent of their net worth, whichever is higher.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.