Railway minister receives Rs.505.31 crore dividend from 7 PSUs

Railway Minister Mallikarjun Kharge Tuesday received dividend cheques amounting to Rs.505.31 crore for 2012-13 from the seven public sector undertakings (PSUs) under the Ministry of Railways, an official release said.

In 2011-12, the total dividend paid by these seven PSUs was to the tune of Rs.405.78 crore. "Thus, despite slow down in global economy, Railways' PSUs performed well and paid approximately 25 percent more dividend in 2012-13 compared to the previous year," the statement said.

At an event at the Rail Bhawan here, chiefs of the seven PSUs - Container Corporation of India Limited, Ircon International Limited, RailTel Corporation of India Limited, RITES Limited, Rail Vikas Nigam Limited, Indian Railways Catering and Tourism Corporation Limited and Indian Railway Finance Corporation Limited - separately handed over the cheques to the minister.