New Delhi: The Centre is likely to maintain its budgeted target for dividends from non-financial central public sector enterprises (CPSEs) and entities in which it holds minority stakes at ₹56,260 crore in the revised estimate for 2024-25, said a person aware of the development.
The dividends touched ₹30,226 crore in just over seven and a half months of this financial year, constituting 54% of the full-year target, showed the latest data by the Department of Investment and Public Asset Management (DIPAM).
But the bulk of the mop-up is expected in the crucial March quarter, pushing up the dividends to the targeted level, according to the person.
“If the global oil prices remain stable around $75 barrel, domestic oil companies will continue to make good profits and boost the dividend kitty. Power companies are also expected to do well,” said the person.- Banikinkar Pattanayak
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