labels: economy - general
Government asks ten PSUs to offer more dividendnews
07 January 2006

New Delhi: The finance ministry has asked ten public sector undertakings to explore the possibility of paying more than the prescribed dividend level so that the companies don't sit on idle cash. The companies include Steel Authority of India, Bharat Heavy Electricals, Nalco, Mahanagar Telephone Nigam, GAIL (India), Bharat Sanchar Nigam, Neyveli Lignite, National Mineral Development Corporation and Coal India.

The government has also asked the PSUs to determine how much profits they could share with the govt. by way of special dividend even though it has not set any target for raising of resources from the exercise.

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Government asks ten PSUs to offer more dividend