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    Govt's earnings from dividends rise to Rs39,936 cr for FY22


    January 17, 2022 - Mint

     

      New Delhi, Jan. 17 -- The government receiveda bumper Rs.7,839 crore as dividend fromNuclear Power Corporation of India Limited (NPCIL), Power Grid Corporation of India Limited, NMDC, GAIL among others,taking the total proceeds fromdividendfrom public sector enterprises to over Rs.39,936crore for FY22 so far.

      "Government has received about Rs.972 crore and Rs.2506 crore from Nuclear Power Corporation of India Limited (NPCIL) and Power Grid Corporation of India Limited asdividend tranches," secretary of the department of investment and public asset management (DIPAM) TuhinKantaPandey said in a Twitter postMonday.

      It also received about Rs.1605 crore from NMDC and Rs.913 crore from GAIL.

      Thegovernmenthas received about Rs.351 crore from Hindustan Aeronautics Limited, Rs.149 crore fromBharat Electronics Limited, Rs.42 crorefrom Central Warehousing Corporation Limited, Rs.26 crorefrom National Highways Infrastructure Development Corporation limitedand Rs.25 crorefrom WAPCOS asdividend tranches.Government has respectively received about Rs.19 crore, Rs.12 crore and Rs.31 crore from HLL Lifecare Limited (previously Hindustan Latex limited), FAGMIL and NSIC.

      Last month, the governmentreceived Rs.3,668 crore from Coal India asdividendtranche andabout Rs.48 crore, Rs.69 crore and Rs.23 crore from IRCON, RITES and NIIFL asdividendtranches,respectively.

      The government has so far received a total of Rs.49,266.02crore from proceeds of disinvestment anddividends, of which only Rs.9,329.9 crore has come from divestment of strategic and non-strategic sales, besides OFS and employee OFS route of NMDC,Hudco and Hindustan Copper Ltd.

      The government has set a target of Rs.1.75 lakh crore from disinvestment proceeds in the ongoing fiscal 2022. It anticipates more proceeds from strategic divestment of PSUs such as BPCL, Shipping Corporation of India, BEML and Pawan Hans.The disinvestment of LIC of India through an IPO is slated for March this year, which is expected to be the biggest-ever public listing and may help the government achieve the target set forFY22. Published by HT Digital Content Services with permission from MINT. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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