IOC pays Rs 2,424 cr as dividend tranche to govt

IOC pays Rs 2,424 cr as dividend tranche to govt

AgenciesUpdated: Thursday, November 25, 2021, 08:55 PM IST
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The IOC project will have five centres of excellence and the total R&D headcount will double to 1,000 by the end of 2023, it said/ Representational image |

The government has received Rs 2,424 crore as a dividend tranche from Indian Oil Corporation (IOC), DIPAM Secretary Tuhin Kanta Pandey said on Thursday.

During the current financial year 2021-22 (April-March) so far Rs 20,222.40 crore has been received as dividends from central public sector enterprises.

''Government has received Rs 2,424 crore from Indian Oil Corporation Ltd as dividend tranche,'' Pandey tweeted.

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