Government set to get a record dividend of ₹63,056 crore from listed PSUs: Report

67 listed public-sector enterprises (PSUs) are expected to give the central government a record equity dividend of ₹63,056 crore for FY23.

This is 24.7% higher than the dividend of ₹50,583 crore received in FY22 and more than double of ₹29,049 crore for FY19, as per Business Standard.

This is when some of the PSUs have not yet announced their final equity dividends. It is anticipated that the dividend for FY23 may be much larger than the sum previously quoted.

Public-sector banks (PSBs) and financial institutions are expected to make up the largest portion of the government's dividends, contributing around ₹18,000 crore for FY23, up 56% over their FY22 contribution of around ₹11,525 crore.

PSUs including Coal India, Oil and Natural Gas Corporation (ONGC), NTPC, and Power Grid Corp are anticipated to contribute about ₹45,000 crore, up 15.4% from ₹39,059 crore in the previous year, the business standard report said.

With ₹13,550.7 crore, Coal India paid the government the most in dividends in FY23. ONGC came in second with ₹8,335 crore, SBI has paid the government a dividend of over ₹5,740 crore.

The Reserve Bank of India board authorised the transfer of ₹87,416 crore as surplus to the Union government for FY23 last month.