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Govt receives cumulative ₹347 Cr as dividend from BEL, HUDCO

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Govt receives cumulative ₹347 Cr as dividend from BEL, HUDCO

received approximately 224 crores and 123 crores as dividend tranches from Housing and Urban Development Corporation (HUDCO) and Bharat Electronics (BEL), respectively.

A dividend is a payment made by businesses to their shareholders from a portion of their earnings, though this is not always the case.

In a tweet, Secretary of the Department of Investment and Public Asset Management (DIPAM) stated, “The government has respectively received approximately 224 crores and 123 crores as dividend tranche from BEL and HUDCO.”

received a dividend tranche of 1,355 crore from GAIL (India) Ltd. on Tuesday regarding the government.

This story’s text is published unchanged from a feed from a wire agency.

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