Indian Oil Corporation has paid Rs 2,424 crore as dividend tranche to the federal government
State-owned oil advertising and marketing firm Indian Oil Corporation on Thursday paid Rs 2,424 crore when it comes to a dividend tranche to the federal government.
Tuhin Kanta Pandey, secretary within the division of funding and public asset administration (DIPAM), introduced this by his official Twitter deal with.
Government has acquired Rs 2424 crore from Indian Oil Corporation Ltd as dividend tranche. pic.twitter.com/Lq2tpuAN6z
— Secretary, DIPAM (@SecyDIPAM) November 25, 2021
Till now within the present fiscal, the federal government has acquired Rs 20,222 crore when it comes to dividend from a number of state-owned entities.
Indian Oil Corporation is the biggest oil retailer within the nation and accounts for almost 50 per cent market share of nation’s petroleum merchandise. It had recorded gross sales to the tune of 81.027 million metric tonnes in 2020-21.
Last month authorities had acquired a remaining dividend of Rs 6,665 crore from privatisation-bound Bharat Petroleum Corporation Limited (BPCL) for 2020-21.