The Government of India has received Rs 903 crore and Rs 78 crore from the Indian Railway Finance Corporation Ltd (IRFC) and RITES Ltd respectively as dividend tranches.
On Thursday, the Department of investment and public asset management (DIPAM) tweeted the information through the Twitter handle of DIPAM secretary Tuhin Kanta Pandey.
It also stated that dividend tranches totaling Rs 503 crore and Rs 66 crore, respectively, had also been received from Hindustan Aeronautics Ltd (HAL) and Rashtriya Chemicals and Fertilizers Ltd (RCFL).
Public sector enterprises (PSUs) are obligated to pay the government an annual minimum dividend equal to 30% of their earnings or 5% of their net worth, whichever is higher.
(Inputs from IANS)