Led by a sharp increase in disbursements by oil marketing companies and public sector lenders including banks and Life Insurance Corporation, central public sector undertakings (CPSUs) will pay an all-time high equity dividend of around Rs 1.26 trillion in FY24. , up 28.7 percent from around Rs 97,750 crore in FY23.
This includes the interim dividend paid by listed CPSUs in the first three quarters of FY24.
Nearly 60 percent of this dividend goes to the central government as promoter share. As a result, the central government is expected to earn Rs 76,166 crore, up 28.2 percent from Rs
First print: June 1, 2024 | 12:35 pm IST