Government receives Rs 3700 crore dividend from GAIL, HUDCO and two others PSU firms

According to new data released by the Department of Investment and Public Asset Management (DIPAM), four public sector companies—Bharat Petroleum Corporation Limited (BPCL), GAIL India, HUDCO, and National Small Industries Corporation—paid dividends to the central government totaling almost Rs 3,700 crore in February.

DIPAM released this data on the official social media handle of X. The central government receives dividends from companies due to its stake in them.

The central government received Rs 2,202 crore from Maharatna PSU GAIL India. The company, which is involved in the transmission and marketing of natural gas, announced an interim dividend of 65% for the financial year FY 2024-25, i.e., Rs 6.50 per share. As of the December 2024 quarter, the government held a 51.90% stake in the large-cap company.

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After the oil market company (OMC) BPCL announced an interim dividend of Rs 5/—per equity share of face value Rs 10/—each, or 50%, for the fiscal year 2024–2025, the central government received approximately Rs 1,149 crore. As of December 2024, the government held a majority stake of 52.98% in the oil company.

In January, the housing finance company HUDCO declared a dividend of Rs 2.05 per equity share for the fiscal year 2024–2025, based on the shares' face value of Rs 10. The central government received a Rs 308 crore dividend from HUDCO as it held a 75% stake in the company as of the December 2024 quarter. Further, the National Small Industries Corporation paid ?38 crore to the central government, according to the data shared by DIPAM.

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