Highest Dividend Paying Government Company In India 2023
In 2023, investors seeking stability and attractive returns in India’s stock market have much to look forward to. Public Sector Units (PSUs) continue to be a robust choice, offering consistent dividend payments. This news post delves into the Highest Dividend Paying Government Company In India 2023 , providing valuable insights for both seasoned and novice investors. Discover the companies that have consistently rewarded shareholders, contributing to a reliable income stream and capital appreciation. Whether you are a long-term investor or simply looking to diversify your portfolio, these dividend-paying PSUs offer a compelling investment opportunity in the ever-evolving landscape of the Indian stock market.
Steel Authority of India Ltd
Steel Authority of India Limited (SAIL) is a leading state-owned steel producer in India. Established in 1973, it operates integrated steel plants across the country, with a strong presence in the Indian steel industry. SAIL’s diverse product range includes flat and long steel products, catering to various sectors such as construction, infrastructure, automotive, and railways. With a commitment to quality and sustainability, SAIL has played a pivotal role in the development of India’s infrastructure and economy. The company is known for its technological advancements and dedication to environmental and social responsibility , making it a significant player in India’s industrial landscape.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
20/09/2023
|
CASH
|
₹0.50
|
26/05/2023
|
20/09/2023
|
|
24/03/2023
|
CASH
|
₹1
|
16/03/2023
|
24/03/2023
|
The National Mineral Development Corporation
The National Mineral Development Corporation (NMDC) is a renowned public sector enterprise in India, primarily engaged in the exploration, mining, and processing of various minerals. Established in 1958, NMDC has emerged as a significant player in the mining industry, with a focus on iron ore, diamond, and other valuable minerals. It operates several mines across India and has established itself as a key contributor to the country’s economic growth. NMDC is known for its sustainable mining practices, technological innovation, and corporate social responsibility initiatives, which contribute to the overall development of the nation while respecting environmental concerns and local communities.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
31/08/2023
|
CASH
|
₹2.85
|
23/05/2023
|
31/08/2023
|
|
24/02/2023
|
CASH
|
₹3.75
|
14/02/2023
|
24/02/2023
|
Indian Oil Corporation Limited (IOCL)
Indian Oil Corporation Limited (IOCL) is India’s largest oil and gas company, a state-owned entity founded in 1964. IOCL is a leading player in the refining, distribution, and marketing of petroleum products in India. It operates a vast network of refineries, pipelines, and retail outlets, ensuring the availability of fuels and lubricants across the nation. IOCL is also involved in petrochemicals, natural gas exploration, and renewable energy projects, reflecting its commitment to energy diversification and sustainability. Known for its high-quality products, extensive infrastructure, and social responsibility initiatives, Indian Oil plays a pivotal role in India’s energy security and economic development.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
28/07/2023
|
CASH
|
₹3
|
16/05/2023
|
28/07/2023
|
Rural Electrification Corporation Limited
REC Limited, formerly known as Rural Electrification Corporation Limited, is a prominent financial institution in India. Established in 1969, it specializes in financing and promoting rural electrification and power infrastructure projects. REC provides loans and financial assistance to power utilities, state governments, and various entities involved in the power sector. It plays a crucial role in facilitating the development and modernization of the Indian power sector, ensuring reliable and affordable electricity supply to rural and urban areas alike. REC’s initiatives contribute significantly to India’s socio-economic growth by enhancing energy accessibility, efficiency, and sustainability across the country.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
14/08/2023
|
CASH
|
₹3
|
26/07/2023
|
14/08/2023
|
|
14/07/2023
|
CASH
|
₹4.35
|
24/06/2023
|
14/07/2023
|
|
09/02/2023
|
CASH
|
₹3.25
|
30/01/2023
|
09/02/2023
|
PTC India Limited
PTC India Limited is a leading government-owned company in India, established in 1999, with a primary focus on promoting and facilitating the trading of power and energy-related services. plays a crucial role in the Indian power sector by facilitating power purchase agreements, power trading, and consultancy services. It acts as an intermediary, connecting power generators with distribution companies, ensuring efficient and transparent power transactions. PTC also ventures into renewable energy projects and provides advisory services for energy-related projects. With its diverse portfolio and expertise, PTC India contributes to the growth and sustainability of India’s energy sector.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
20/09/2023
|
CASH
|
₹7.80
|
27/05/2023
|
21/09/2023
|
The National Aluminium Company Limited
The National Aluminium Company Limited (NALCO) is a prominent public sector enterprise in India, founded in 1981. NALCO specializes in the production and export of aluminum and alumina products. It operates integrated aluminum complexes, including bauxite mines, alumina refineries, and aluminum smelters. NALCO is known for its technological prowess and commitment to sustainability, focusing on environmentally friendly practices and energy efficiency. It contributes significantly to India’s industrial and economic growth, with a global presence through its aluminum exports. NALCO’s dedication to corporate social responsibility and community development programs reflects its holistic approach to business and the well-being of the regions it operates in.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
15/09/2023
|
CASH
|
₹1
|
11/08/2023
|
16/09/2023
|
|
21/03/2023
|
CASH
|
₹2.50
|
13/03/2023
|
21/03/2023
|
Coal India Limited
Coal India Limited (CIL) is a state-owned mining company in India, established in 1975. It is the world’s largest coal mining company, responsible for the majority of India’s coal production. CIL operates numerous coal mines across the country, providing a critical energy resource for India’s power generation, industrial, and domestic needs. The company is known for its commitment to sustainable mining practices and environmental conservation. CIL plays a pivotal role in India’s energy security and economic development, contributing significantly to the nation’s growth while facing challenges related to environmental concerns and the transition to cleaner energy sources.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
18/08/2023
|
CASH
|
₹4
|
07/05/2023
|
18/08/2023
|
|
08/02/2023
|
CASH
|
₹5.25
|
31/01/2023
|
08/02/2023
|
Oil and Natural Gas Corporation Limited
Oil and Natural Gas Corporation Limited (ONGC) is a prominent state-owned oil and gas company in India, established in 1956. ONGC is a global player in the energy sector, involved in exploration, production, and distribution of oil and natural gas. It operates numerous onshore and offshore oilfields, both within India and overseas. ONGC is known for its advanced technology, innovative exploration efforts, and contributions to India’s energy security. The company also ventures into renewable energy sources and sustainable practices. ONGC plays a pivotal role in India’s economic development by meeting the nation’s energy demands and fostering technological advancements in the energy sector.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
18/08/2023
|
CASH
|
₹0.50
|
26/05/2023
|
18/08/2023
|
|
24/02/2023
|
CASH
|
₹4
|
14/02/2023
|
24/02/2023
|
The Power Finance Corporation
The Power Finance Corporation (PFC) is a leading financial institution in India, established in 1986. PFC primarily focuses on financing and supporting the growth of the power sector in the country. It provides funding and financial assistance to various power projects, including thermal, hydro, and renewable energy. PFC plays a pivotal role in the development of power infrastructure, ensuring reliable electricity supply to industries and households across India. The corporation also engages in consultancy services, project development, and the promotion of energy efficiency and conservation initiatives. PFC’s contributions significantly impact India’s energy landscape, promoting sustainable and inclusive growth.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
16/06/2023
|
CASH
|
₹4.50
|
27/05/2023
|
16/06/2023
|
|
24/02/2023
|
CASH
|
₹3.50
|
13/02/2023
|
24/02/2023
|
Gas Authority of India Limited
Gas Authority of India Limited (GAIL) is a prominent state-owned natural gas company in India, founded in 1984. GAIL plays a pivotal role in the country’s energy sector by transporting, distributing, and marketing natural gas and its derivatives. The company operates a vast network of pipelines that traverse thousands of kilometers, facilitating the efficient movement of natural gas. GAIL is also involved in petrochemicals, liquefied petroleum gas (LPG) production, and exploration and production of natural gas. It contributes significantly to India’s energy security, reducing carbon emissions through the use of cleaner-burning natural gas and promoting sustainable energy solutions in the nation’s quest for economic growth.
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
|
21/03/2023
|
CASH
|
₹4
|
13/03/2023
|
21/03/2023
|
| COMPANY NAME | DIVIDEND (%) | Dividend Amount | No.f Shares you Hold | Amount Of Dividend You Get |
| Steel Authority of India Ltd | 100% | Rs.1.50 | 1000 | Rs.1,500 |
| The National Mineral Development Corporation | 100% | Rs.6.60 | 1000 | Rs.1,500 |
| Indian Oil Corporation Limited (IOCL) | 100% | Rs.3.00 | 1000 | Rs.3,000 |
| Rural Electrification Corporation Limited | 100% | Rs.10.6 | 1000 | Rs.10,600 |
| PTC India Limited | 100% | Rs.7.80 | 1000 | Rs.7,800 |
| The National Aluminium Company Limited | 100% | Rs.3.50 | 1000 | Rs.3,500 |
| Coal India Limited | 100% | Rs.9.25 | 1000 | Rs.9,250 |
| Oil and Natural Gas Corporation Limited | 100% | Rs.4.50 | 1000 | Rs.4,500 |
| The Power Finance Corporation | 100% | Rs.8.00 | 1000 | Rs.8,000 |
| Gas Authority of India Limited | 100% | Rs.4.00 | 1000 | Rs.4,000 |
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