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The dividend income represents a rise of about 27.5% over the revised estimate of ₹50,000 crore for the monetary 12 months and beats the earliest better of ₹59,533 crore in 2022-23, reflecting robust efficiency by state-run companies throughout sectors. Dividend receipts in March alone totalled virtually ₹12,200 crore.
Disinvestment Income
In the meantime, disinvestment proceeds in 2023-24 fell simply in need of expectations and touched ₹16,507 crore, primarily because the IDBI Financial institution sell-off course of spilled over to this fiscal. The federal government had factored in a disinvestment income of ₹18,000 crore within the revised estimate for 2023-24, DIPAM secretary Tuhin Kanta Pandey had stated after the interim price range in February.
Within the absence of any strategic sale, the divestment proceeds had been generated via the federal government’s dilution of minor stakes in 10 entities, largely through the provide on the market (OFS) route. These embody the OFS of Coal India (₹4,186 crore), NHPC (₹2,488 crore), NLC India (₹2,129 crore), Rail Vikas Nigam (₹1,366 crore), SJVN (₹1,349 crore) and IRCON Worldwide (₹1,193 crore). The IPO of Indian Renewable Vitality Growth Company fetched ₹858 crore.
