InvestorQ : What is the dividend government got from IOCL and CONCOR?
prachi Patwardhan made post

What is the dividend government got from IOCL and CONCOR?

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sara Kunju answered.
3 months ago
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Government of India received Rs.1,939 crore as dividend from IOCL and Rs.67 crore from CONCOR as disclosed by the secretary, DIPAM. Government earned dividends of Rs.43,000 crore from CPSEs in FY22, close to its revised estimates of Rs.46,000 crore. The 2016 Union Budget had revised dividend distribution policy of PSUs making them pay 30% of post-tax profit or 5% of net worth, whichever was higher.

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