Govt gets Rs 6,665 cr dividend from BPCL for FY21
The government has received a final dividend of Rs 6,665 crore from privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) for the 2020-21 fiscal, DIPAM Secretary said on Wednesday. “Govt received final dividend of Rs 6,665 crore from BPCL NSE -0.94 % for the FY 2020-21. This includes special dividend on account of gains especially on sale of BPCL’s stake in Numaligarh Refinery in March 2021,” DIPAM Secretary Tuhin Kanta Pandey tweeted.
In March, BPCL had sold its entire 61.5 per cent stake in Numaligarh Refinery in Assam to a consortium of Oil India Ltd and Engineers India and the Assam government for Rs 9,876 crore. The government is selling its entire 52.98 per cent stake in BPCL.
