Thursday, February 29, 2024
News

Centre receives Rs 1,863 crore from GAIL as dividend

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | February 12, 2024 10:55:03 PM IST
The central government has received about Rs 1,863 crore from GAIL (India) Ltd as a dividend tranche, the secretary at the Department of Investment and Public Asset Management posted on its X handle on Monday.

GAIL was incorporated in the year 1984 and it is engaged in the business of oil refining and marketing.

"Government has received about Rs 1863 crore from GAIL (India ) Ltd as dividend tranche," the X post read.

Separately, the government received about Rs 34 crore from National Seeds Corporation Ltd (NSC) as a dividend tranche.

A dividend is a reward companies often provide to their shareholders, though not mandatorily, from a portion of their earnings. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
India's First Nature Conference on Nanom...
SBI Life and Tape A Tale Unite for 'Beyo...
BITS Pilani launches Future-focused 'BIT...
Appy Pie Connect Announces Integrations ...
MoU signed with Greek bank to facilitate...
Jharkhand: PM Modi to dedicate revived S...
More...
 
INDIA WORLD ASIA
Shahjahan's arrest in ED officers assaul...
Karnataka BJP accuses Congress of appeas...
GI certificates handed over to 18 indige...
President Murmu condoles loss of lives i...
NTPC Green Energy and MAHAGENCO partner ...
Police officer dies by hanging in Mumbai...
More...    
 
 Top Stories
New PKL champion on cards as Puneri... 
Pakistan: Father, 2-year old daught... 
WPL 2024: RCB win toss, decide to b... 
"Safe for now but...": Himachal LoP... 
Robust 8.4 pc GDP growth in Q3 show... 
Pakistan: National assembly's inaug... 
"In academics, we should not discus... 
Shah Rukh Khan with family arrives ...