Centre receives Rs 2,413 cr as dividend from BPCL

The central government has received about Rs 2,413 crore from BPCL as a dividend tranche, the secretary at the Department of Investment and Public Asset Management posted on its X handle on Friday. A dividend is a reward companies often provide to their shareholders, though not mandatorily, from a portion of their earnings. On Thursday, the divestment secretary, in another post, said the government received about Rs 832 crore from Power Finance Corporation Limited (PFC) as a dividend. Last week, the central government has respectively received about Rs 262 crore and Rs 120 crore from Mazagon Dock Shipbuilders Limited and IREL (India) Limited as dividend tranches.