Indian Oil Corporation, a state-owned oil distributor, paid 2,424 rupees on Thursday in terms of a tranche dividend to the government.
Tuhin Kanta Pandey, Secretary of the Investment and Public Asset Management Department (DIPAM), announced this through the official Twitter handle.
The government has received Rs 2424 from Indian Oil Corporation Ltd as a dividend tranche. pic.twitter.com/Lq2tpuAN6z
— Secretary, DIPAM (@SecyDIPAM) November 25, 2021
Until the current fiscal year, the government has received a dividend of Rs 20,222 from several state-owned enterprises.
Indian Oil Corporation is the country’s largest oil retailer, with a market share of almost 50% of the country’s petroleum products. In 2020-21, it recorded sales of 81,027,000 metric tons.
Last month, the government received a final dividend of Rs 6,665 from Bharat Petroleum Corporation Limited (BPCL), which was bound to privatization in 2020-21.