Business Standard

Indian Railway Finance Corporation pays Rs 903 crore dividend to govt

The Central government has received Rs 903 crore and Rs 78 crore from the Indian Railway Finance Corporation Ltd (IRFC) and RITES Ltd respectively as dividend tranches.

Indian Railways deemed to cancel up to 170 trains on August 11.

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IANS New Delhi
The Central government has received Rs 903 crore and Rs 78 crore from the Indian Railway Finance Corporation Ltd (IRFC) and RITES Ltd respectively as dividend tranches.
Department of investment and public asset management (DIPAM) tweeted the information through the Twitter handle of DIPAM secretary Tuhin Kanta Pandey.
It further informed that Rs 503 crore and Rs 66 crore have also been received from Hindustan Aeronautics Ltd (HAL) and Rashtriya Chemicals and Fertilizers Ltd (RCFL) respectively as dividend tranches.
Public sector undertakings (PSUs) are required to pay to the government a minimum annual dividend of 30 per cent of their profits or 5 per cent of their net worth, whichever is higher.
--IANS
ans/dpb

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 30 2022 | 3:20 PM IST

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