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Centre gets cumulative Rs 347 crore as dividend from BEL, HUDCO

Mar 30, 2023

By: BlinkX Research Team

The Centre has received about Rs 224 crore and Rs 123 crore, respectively, from Bharat Electronics (BEL) and Housing and Urban Development Corporation (HUDCO) as dividend tranches.

In a tweet, the Department of Investment and Public Asset Management (DIPAM) secretary said, "Government has respectively received about Rs 224 crore and Rs 123 crore from BEL and HUDCO as dividend tranches."

On Tuesday, the government received about Rs 1,355 crore from GAIL (India) Limited as a dividend tranche.

Notably, a dividend is a reward companies often provide to their shareholders, though not mandatorily, from a portion of their earnings.