Govt likely to collect all-time high dividend of Rs 63,056 crore from 67 listed PSUs for FY23

The Centre is likely to receive huge earnings in form of dividend from the listed public sector undertakings (PSUs). As per the final dividend proposed by the PSUs, the government is expected to get a net dividend of about Rs 63,056 crore from 67 listed PSUs for FY23, which will be the highest ever dividend, according to a report in the Business Standard.

The amount is approximately 25 per cent more than the dividend of Rs 50,583 crore received in FY22 from listed state-owned companies. More importantly, the total dividend income for FY23 may increase further as PSUs such as GAIL (India), Hindustan Copper and Balmer Lawrie are yet to disclose their final equity dividend.

The dividend for FY23 is, therefore, almost double the Rs 29,049 crore it received from these PSUs in FY2019 before the pre-Covid financial year. Earlier, the Centre had received the highest dividend of Rs 42,150 crore in FY 2014. State-controlled banks and financial institutions are likely to give about Rs 18,000 crore for FY23. That is a hike of 56 per cent over their FY22 contribution of Rs 11,525 crore.

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