The central government has received a substantial boost to its financial reserves with a dividend tranche of approximately Rs 2,413 crore from Bharat Petroleum Corporation Limited (BPCL). This latest dividend receipt adds to the series of contributions from various Public Sector Undertakings (PSUs) in recent weeks, emphasizing their role in bolstering government revenues.
Government Gains from BPCL Dividend
On Friday, the secretary at the Department of Investment and Public Asset Management announced via its official handle that the central government has received a dividend of Rs 2,413 crore from BPCL. Dividends serve as a form of reward to shareholders, and while not obligatory, they are often distributed by companies from a portion of their earnings.
Continued Inflow from PSUs
This recent dividend from BPCL follows a trend of financial contributions from other PSUs. Just a day before, the government received Rs 832 crore from Power Finance Corporation Limited (PFC) as a dividend. Additionally, in the preceding week, the central government garnered Rs 262 crore and Rs 120 crore from Mazagon Dock Shipbuilders Limited and IREL (India) Limited, respectively, in the form of dividend tranches.
