CPSE DIVIDEND TARGET
India may raise FY25 CPSE dividend target in full budget
The finance ministry is set to increase CPSE dividend estimates by Rs 5,000 crore to approximately Rs 53,000 crore for the current fiscal year in the full budget to be presented in July. This adjustment reflects improved dividend forecasts based on updated financial data. Dividend receipts for 2023-24 totaled Rs 63,000 crore.
Government's dividend collection from CPSEs hits record Rs 61,149 crore
Dividend receipts in the first half of March alone totalled nearly ₹10,000 crore. The revised estimate in the interim budget last month estimated the dividend collection for 2023-24 at ₹50,000 crore, higher than initial target of ₹43,000 crore.
CPSE dividends cross FY24 revised estimate in 11 months
The interim budget last month estimated such dividend receipts at ₹50,000 crore for the current fiscal, higher than the initial target of ₹43,000 crore.
High selloff target can potentially create overhang in the market, says Dipam Secy
In a rare move, the interim budget for FY25 clubbed the government's disinvestment and asset monetisation targets, instead of declaring them separately. The combined realisation is budgeted at Rs 50,000 crore for FY25, against Rs 30,000 crore (revised estimate) in FY24 and Rs 61,000 crore in the BE for this fiscal. Of course, the combined target is still less than 2% of the government's expected non-debt receipts for FY25.
CPSEs told to boost interaction with investors, analysts
The finance ministry has asked central public sector enterprises (CPSEs) to bolster engagement with market participants, including big investors and analysts, to better communicate their growth plans. This move comes as the government reviews its disinvestment strategy, which is hindered by market uncertainties, litigations, and resistance from employees.
Centre may rake in ₹55,000 crore in dividends from key CPSEs
The Department of Investment and Public Asset Management has garnered ₹53,895 crore in dividend and disinvestment receipts so far this fiscal. At ₹43,843 crore, the dividend has already exceeded the 2023-24 target, even as the disinvestment revenue has remained low at ₹10,052 crore.
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Surplus CPSE dividend unlikely to offset disinvestment revenue shortfall in FY24
The Indian government may face a disinvestment shortfall in FY24 due to potential delays in the strategic sale of IDBI Bank, possibly spilling into FY25. While surplus dividends from Central Public Sector Enterprises (CPSEs) might not fully compensate for the anticipated shortfall, the government is considering revising its combined disinvestment and dividend target of Rs 94,000 crore.
DIPAM confident of meeting Rs 51,000 crore selloff target for FY24
The Department of Investment and Public Asset Management or DIPAM secretary Tuhin Kanta Pandey termed the FY24 budgeted estimate for disinvestment receipts as "realistic" and said it was based on practical considerations as divestment was dependent on many factors, including market conditions, status of transactions and global economic outlook.
We hope to receive a good number of EOIs for IDBI Bank: Tuhin Kanta Pandey
Many times there is a demand for the stock as well, so you cannot say that the stock will not be available. But as I said that we will always keep in mind the interest of minority shareholders and will advise all the departments as well as the CPSEs to keep on adding value to their company, look at their performance and disinvestment strategy.
These 6 stocks from two sectors are a play on strong growth, high dividends
The earnings growth outlook is expected to remain strong for oil & gas companies, especially ONGC and Oil India, supported by elevated prices, while earnings for power companies are relatively risk-averse as they earn regulated RoE on project equity despite current macro headwinds.
PSUs may pay higher dividends for govt to meet Budget shortfall
"With the likely deferral of LIC IPO to FY23, the budget shortfall for FY22 will be huge, and the pressure on Reserve Bank of India, public sector banks and state-owned companies to pay a higher dividend to the government will increase to partially compensate for it," said Piyush Nagda, head - investments products, Prabhudas Lilladher.
Govt targets to conclude ongoing CPSE privatisation this fiscal
The process of privatisation of Air India, BPCL, Pawan Hans, BEML, Shipping Corp and NINL has already moved to the second stage after the government received multiple expressions of interest (EoI) for these CPSEs.
Government mops up Rs 32,835 crore from disinvestment in FY21, exceeds RE target
The realisation is, however, lower than the record Rs 2.10 lakh crore originally budgeted. In the RE, the target was scaled down to Rs 32,000 crore as COVID-19 pandemic delayed planned big ticket disinvestments.
Revenue constrained govt may push oil PSUs short on FY21 capex to pay higher dividend
The government has asked companies to complete at least 75 per cent of capex till the end of December quarter. But this looks highly unlikely now pushing the case for higher dividend payout
Faced with revenue worries, Centre may look at PSUs for higher dividends
Dividends from non-financial PSUs have been budgeted at Rs 65,747 crore in FY21. Any increase in this amount will give a boost to non-tax revenue of the government and help it bridge the rising fiscal deficit that as per the initial estimates is now pegged close to 8 per cent of GDP.
DIPAM suggests inclusion of m-cap improvement, asset monetisation in CPSE MoU target
DIPAM, which manages government investment and equity holding in CPSEs, has also asked public sector enterprises to engage with investors "consistently and transparently" to improve market capitalisation. It has also asked them to pay interim dividends after quarterly or half-yearly earnings to reward shareholders.
CPSE ETF: Fifth tranche closing soon; should you rush?
This is the second CPSE ETF FFO of 2018-19 after a record Rs 17,000 crore mop-up in November 2018.
Government breaches full-year fiscal deficit target at October-end
The government has budgeted to cut fiscal deficit to 3.3 per cent of GDP in 2018-19 from 3.53 per cent in the previous financial year.
Cash-Rich CPSEs may be nudged to invest in Rs 1.35 lakh crore recap bonds
Earlier, govt had announced a Rs 2.1L-cr bank recap plan, of which Rs 76K-cr will come from budgetary support, bank stake sales, and Rs 1.35L-cr as bonds.
PSEs may up capex spending by Rs 25,000 crore
The government has also asked CPSEs to consider higher dividend & explore debt and other funds to meet their capex targets instead of relying on internal funds.
CPSEs may have to shell out extra dividends, go for buybacks
Some of the blue-chip firms which will make their presentations include ONGC Ltd., NMDC Ltd. NHPC Ltd, Cochin Shipyard Ltd and RITES Ltd.
DIPAM tells CPSEs to follow capital restructuring norms
A senior government official said the government will continue to push for share buybacks and cash-rich central public sector enterprises are expected to lead.
Non-tax receipts top Rs 2 lakh crore: Finance Ministry
Government has collected over Rs 2 lakh crore as non-tax receipts, with biggest pie coming from the dividends paid by state-owned firms and Reserve Bank.
Finance ministry asks CPSEs to give 30% payout, issue bonus shares
The move comes at a time when the government is looking to adhere to the fiscal deficit target amidst a massive shortfall in the disinvestment receipts.
Government may seek higher dividend from cash-rich CPSEs
The government may seek higher dividend from cash-rich central public sector enterprises (CPSEs) to meet the shortfall in direct taxes and lower disinvestment proceeds for the current fiscal.
Government plans to seek special dividend from top PSUs to meet tax deficit
Profit-making CPSEs are required to declare a minimum dividend of 20 per cent or a minimum pay-out of 20 per cent whichever is higher.
CPSE ETF a big draw with investors, has a host of structural positives: Goldman Sachs India
We are targeting the CPSE ETF to be listed on April 4, 2014, subject to completion of prerequisite activities, says Sanjiv Shah.
CPSEs to pay rich dividends to government this fiscal
State-owned firms including Oil and Natural Gas Corp, Coal India and SAIL this fiscal will pay Rs 28,595 cr in dividend to the cash-strapped govt.
Difficult disinvestment target: Right for govt to ask PSUs for more dividends to bridge deficit?
A government struggling to keep the fiscal deficit in check - within the budgetary target of 4.8% of GDP - has few choices beyond such measures.
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