The Central Government has received dividend of Rs 888 crore from three public sector companies. These companies are- National Aluminum Company Limited (NALCO), BPCL and MSTC. Let us tell you that the Big Bull of the stock market Rakesh Jhunjhunwala also has a stake in NALCO.
How much profit: Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), tweeted, “Govt has received dividend of Rs 283 crore from NALCO, Rs 575 crore from BPCL and Rs 30 crore from MSTC.”
Share price of companies: The share price of NALCO was at Rs 122.30 at the end of trading. At the same time, the share price of BPCL is Rs 342.60. Talking about MSTC, its share price is Rs 311.25.
Stake in NALCO: The December quarter pattern shows that Rakesh Jhunjhunwala holds 2.50 crore shares of NALCO, which is about 1.40 per cent of the total capital of the company.
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How much dividend so far: The government has so far collected dividend of Rs 49,059 crore from public sector undertakings in the current financial year. The government has received a dividend of Rs 1,982 crore from NTPC, Rs 1,939 crore from Indian Oil Corporation (IOC), Rs 934 crore from NHPC, Rs 914 crore from GAIL and Rs 353 crore from Oil India.