Lok Sabha Question No. 3242 (UNSTARRED), answered on 2017-08-04
Subject: Dividend of PSUs
Ministry: FINANCE
Asked by: C.S. PUTTARAJU

## GOVERNMENT OF INDIA

## DEPARTMENT OF ECONOMIC AFFAIRS

## MINISTRY OF FINANCE

## LOK SABHA

UNSTARRED QUESTION NO. 3242 August, 2017

TO BE ANSWERED ON FRIDAY, [13 Shravana, 1939 (SAKA)]

Dividend of PSUs'

## No. 3242, SHRI C. S. PUTTA RAJU,

Will the MINISTER OF FINANCE be pleased to state:

- (a deidetails of amount collected from different Public Sector Undertakings (PSUs) as
- dividend;
- (b) SO,
- the
- whether the Government has asked the PSUs to pay 30 per cent dividend of profit after payment as tax of Central Government'$ equity as compared to earlier 20 per cent and if the details thereof;
- (d) ahether the Government plans to use this surplus in the further development of PSUs

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

- (a) Central Public Sector Enterprises (CPSEs) have an amount of Rs. 51837.73 crore as dividend to Government of India the financial year 2016-17 as Annex. per paid during
- (b) The Government of India has issued comprehensive Guidelines on Capital Restructuring of CPSEs" on 27th 2016. These guidelines, inter-alia, provide that CPSEs would pay a minimum annual dividend of 30 per cent of PAT O 5 per cent of the net-worth, whichever is higher subject to the maximum dividend permitted under the extant legal provisions. May,

CPSEs are normally expected to pay the maximum dividend permissible under the Act underewhich & CPSE has been set Up, unless lower dividend proposed to be paid is justified after the analyses of the following aspects on & case to case basis at the level of Administrative Ministry/Department, with the approval of Financial Advisers:

- (i) Net-worth of the CPSE and its capacity to borrow;
- (iii) CAPEX Business Expansion needs;
- (ii) Long-term borrowings;
- (iv)
- (v)
- Retention of profit for further leveraging in line with the CAPEX needs; and
- Cash and bank balances.
- The   dividends received CPSEs as non-tax revenue receipts form   part of @ Government  resources The resources budgetary  allocation to various Ministries Departments; including CPSEs, wherever required. pool.
- surplus money accrued as & result of this measure; and
- and ifnot; the details thereof?

## CPSE-wise details of Dividend receipts (2016-17)

|                                  | of Company Name                                                                 | (Rs. Crore)         |
|----------------------------------|---------------------------------------------------------------------------------|---------------------|
| [COAL                            | COAL INDIA LIMITED                                                              | Receipts            |
| MINES                            | HINDUSTAN ZINC LIMITED                                                          | 9,770.87            |
| PETROLEUM AND NATURAL GAS        |                                                                                 | 6,664.06            |
| PETROLEUM AND NATURAL GAS        | LIMITED [INDIAN                                                                 | 6,543.92            |
| PETROLEUM AND NATURAL GAS        | OIL CORPORATION LIMITED                                                         | 6,231.29            |
| JPOWER                           | BHARAT PETROLEUM CORPORATION LIMITED NATIONAL THERMAL POWER CORPORATION LIMITED | 3,098.16 2,507.33   |
| POWER IPETROLEUM AND NATURAL GAS | NHPC LIMITED                                                                    | 1,881.21            |
| COAL                             | HHINDUSTAN PETROLEUM CORPORATION LIMITED                                        | 1,777.50            |
| POWER                            | NLC INDIA LIMITED                                                               | 1,183.39            |
| CIIL AVIATION                    | RURAL ELECTRIFICATION CORPORATION LIMITED                                       | 1,126.05            |
| (STEEL                           | AIRPORT AUTHORITY OF INDIA NATIONAL MINERAL DEVELOPMENT                         | 1,042.21            |
| POWER                            | CORPORATION LIMITED                                                             | 984.02              |
| DEFENCE                          | POWER FINANCE CORPORATION LIMITED HINDUSTAN AERONAUTICS LIMITED                 | 927.70              |
| PETROLEUM AND NATURAL GAS        | OIL INDIA LIMITED                                                               | 917.32              |
| PETROLEUM AND NATURAL GAS        | GAS AUTHORITY                                                                   | 834.631             |
| POWER                            | OF INDIA LIMITED POWER GRID CORPORATION OF INDIA                                | 803.67 734.82       |
| POWER                            | LIMITED                                                                         |                     |
| ATOMIC ENERGY                    | SJVN LIMITED NUCLEAR POWER CORPORATION OF INDIA                                 | 646.28              |
|                                  | LIMITED                                                                         |                     |
| MINES OTHERS                     | NATIONAL ALUMINIUM COMPANY LIMITED                                              | 511.73              |
| Total                            | OTHERS                                                                          |                     |
|                                  |                                                                                 | 2,926.26 51,837.73] |

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