Report: Government likely to get record dividend of Rs. 63,000 crore from listed PSUs

The central government is likely to receive a record equity dividend of Rs. 63,056 crore from 67 listed public-sector undertakings (PSUs) for FY23, a report said.

This is 24.7% higher than the dividend of Rs. 50,583 crore received in FY22 and more than double of Rs. 29,049 crore for FY19, a pre-pandemic financial year, Business Standard reported.

However, the dividend for FY23 can be even higher than the amount mentioned above as some of the PSUs, including Gail (India), Hindustan Copper, and Balmer Lawrie are yet to declare their final equity dividend, the newspaper report added.

Among dividends received by the government, the share of public-sector banks (PSBs) and financial institutions is expected to be the highest with a contribution of around Rs.18,000 crore for FY23, up 56% over their FY22 contribution of around Rs.11,525 crore.