The secretary of the Department of Investment and Public Asset Management announced on its X handle on Friday that the central government had received approximately Rs 2,413 crore from BPCL as a dividend tranche. A dividend is a payment that businesses frequently, though not always, make to their shareholders out of a portion of their profits. The government received approximately Rs 832 crore as a dividend from Power Finance Corporation Limited (PFC), according to a post made by the divestment secretary on Thursday. The central government received dividend tranches of approximately Rs. 120 crore and Rs. 262 crore from IREL (India) Limited and Mazagon Dock Shipbuilders Limited, respectively, last week.
