 "Government Reaps Rs 2,413 Crore Dividend from BPCL: Financial Surge Continues")
The Indian government received Rs 2,413 crore in dividends from Bharat Petroleum Corporation Limited (BPCL), as announced by the Department of Investment and Public Asset Management (Dipam). This amount is part of a total Rs 15,389.14 crore collected from various public sector enterprises in the current financial year, which includes dividends from companies like Indian Oil Corporation and Power Finance Corporation. The government plans to collect Rs 56,260 crore this fiscal year from public enterprises, reflecting an increase from Rs 50,000 crore in the previous year. Additionally, Life Insurance Corporation (LIC) contributed a total of Rs 6,103.62 crore in dividends for FY24.
The Indian government has recently received a significant dividend of Rs 2,413 crore from Bharat Petroleum Corporation Limited (BPCL), according to the Department of Investment and Public Asset Management (Dipam). Dipam Secretary Tuhin Kanta Pandey shared this news on social media, highlighting the importance of BPCL’s contribution to public finances.
So far in the financial year 2024-25, the government has collected Rs 15,389.14 crore in dividends from various central public sector enterprises (CPSEs). This amount includes dividends from other major companies, such as Rs 5,091 crore from Indian Oil Corporation (IOC) and Rs 554 crore from Power Finance Corporation.
The government has set a target of raising Rs 56,260 crore through dividends from public sector enterprises for the current fiscal year, an increase from the previous year’s target of Rs 50,000 crore. Additionally, Life Insurance Corporation (LIC), the country’s largest insurer, contributed with a dividend payment of Rs 3,662.17 crore for the fiscal year 2024.
This positive revenue from dividends reflects the government’s ongoing efforts to strengthen its financial standing through contributions from state-owned enterprises.
Tags: BPCL, Bharat Petroleum, Indian Government, Dividends, Public Sector Enterprises, Fiscal Year 2024-25, Dipam.
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What is a dividend tranche?
A dividend tranche is a payment made to shareholders from a company’s profits. In this case, the government received a share of BPCL’s profits. -
How much money did the government receive from BPCL?
The government received Rs 2,413 crore as a dividend from BPCL. -
What is BPCL?
BPCL stands for Bharat Petroleum Corporation Limited, which is a major state-owned oil and gas company in India. -
Why does the government get money from BPCL?
The government owns a share of BPCL, so it receives dividends when the company makes a profit. - What does the government do with the money it receives from dividends?
The government uses the money for various public services and development projects, like improving infrastructure and healthcare.
