Five Central firms pay Rs 1,203 crore as dividend

Five Central public sector entities have paid Rs 1,203 crore as a dividend to the government, according to the data. The SAIL HUDCO and IRCTC Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management DIPAM said that the government has received about 604 crore, Rs 450 crore and Rs 37 crore from SAIL, HUDCO and IREL as dividends. Pandey said in another tweet that the government has received 81 crore and 31 crore from IRCTC and Bhartiya Rail Bijlee Company Ltd. DIPAM deals with all matters relating to management of central government investments in equity, including equity of CPSEs. There are four areas of DIPAM's work relating to strategic disinvestment, minority stake sales, asset monetisation and capital restructuring. It deals with all matters relating to the sale of Central government equity through offer for sale or private placement or any other way in the erstwhile CPSEs. Input from agencies came from agencies.