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After Centre nudges PSUs, dividends pour into government coffers
April 26, 2017
- Taking a cue from private companies like the tech biggies which are known for generously rewarding shareholders, a clutch of cash-rich PSUs has enriched the government coffers with liberal dividends in the last couple of years.
- In some cases, the payouts exceeded the net profits at these state-run firms — Coal India, for instance, paid Rs 12,353 crore as the dividend in FY17, a whopping 190% of its net profit in the first nine months of the year. NMDC, Nalco, ONGC, NHPC, and Bharat
- Dividends and buybacks together were as high as 844% of the April-December 2017 net profit of Nalco, while the corresponding figures for NMDC and Bharat Electronics were 425% and 402%, respectively.
