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PSU dividend targets may be missed due to impact on oil industry

The budget estimate for dividends from PSUs is Rs 40,000 crore. So far, the centre has garnered Rs 15,766 crore. Even with such healthy receipts so far, a shortfall is expected

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The total non-tax revenue target for the year is Rs 2.69 trillion, compared with the FY22 revised estimate of Rs 3.14 trillion, and FY22 BE of Rs 2.43 trillion. Illustration: Ajay Mohanty

Arup Roychoudhury New Delhi

3 min read Last Updated : Oct 19 2022 | 11:53 PM IST

The Centre expects that the target of dividends from non-financial state-owned enterprises (PSUs) could be missed this year. Oil and gas companies contribute a major chunk of PSU dividends. However, they might not be able to pay as much as previous years, or not at all, because of how crude oil prices have impacted them, officials said.

The Budget Estimate for dividends from PSUs is Rs 40,000 crore. So far, the Centre has garnered Rs 15,766 crore. Even with such healthy receipts so far, a shortfall is expected.

“Oil marketing companies have been facing huge under-recoveries due to high-crude prices. The state-owned

Topics : PSU dividends oil industry in India Finance Ministry

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