Indian Oil pays dividend of Rs 5,091 crore to Govt

Indian Oil Corporation has paid a dividend of Rs 5,091 crore to the Indian government. This payment represents a significant contribution to the government’s revenue from its stake in the public sector undertaking. Dividends from major PSUs like Indian Oil are crucial for supporting government finances and funding various public initiatives. The substantial dividend reflects the financial health and profitability of the company, highlighting its role in contributing to national economic stability and supporting government expenditure.