MUMBAI: The Union government which holds a 52.98% stake in state-run Bharat Petroleum Corporation Ltd (BPCL) will receive Rs6,665.76 crore in from the company which announced a dividend of Rs58 per equity share, including a one-time special dividend of ₹35 per equity share of ₹10 each, for the financial year ended March 31, 2021.
The company’s total dividend payout is Rs12,581.66 crore, including a special dividend of Rs7,592.38 crore.
The government is in the process of selling its entire stake in BPCL in a bid to privatise the company.
BPCL reported an over four-fold jump in its January-March net profit to Rs11,940 crore against Rs2,777 crore in the previous quarter. In the year-ago period, the company had reported a net loss of Rs1,361 crore.
