Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
PSUs distribute record ₹1.5 lakh crore as dividend in FY24
PSU's AND Govt. Undertakings
In FY24, public sector undertakings (PSUs) saw a record-high dividend distribution of ₹1.5 lakh crore, up from ₹1.07 lakh crore the previous year, reflecting improved profitability and strong order books. With a 44.3% increase in aggregate net profit to ₹5.3 lakh crore, the dividend distribution rose by 36.1%, resulting in a 27.6% dividend payout ratio. \r
This benefits the government, holding nearly 61% of PSUs, especially after the Reserve Bank of India (RBI) announced a record ₹2.1 lakh crore dividend. Leading the dividend rankings are Indian Oil Corporation, Coal India, ONGC, State Bank of India, and Power Grid Corporation, collectively contributing 48% of the total payouts. \r
State-owned lenders also declared significant dividends, with the Nifty PSE and Nifty PSU Bank indices outperforming the Nifty50 by a considerable margin.
