KSIIDC hands over ₹143 crore dividend to government of Karnataka
Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) has given a dividend cheque of ₹143.12 crore to the State Government. M.B. Patil, Minister for Large
Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) has given a dividend cheque of ₹143.12 crore to the State Government. M.B. Patil, Minister for Large and Medium Industries, and Infrastructure Development, handed over the cheque to Chief Minister D.K. Shivakumar at Vidhana Soudha in Bengaluru on behalf of the State-owned firm on June 22.
KSIIDC also presented a cheque of ₹3 crore towards the Chief Minister’s Relief Fund. The Minister said that KSIIDC had recorded a net profit of ₹188.41 crore during 2024-25 after tax. In addition, the corporation earned ₹19.34 crore as special dividend income during 2024-25.
In accordance with government norms, 30% of the dividend amount has now been transferred to the State Government, Mr. Patil said. The corporation generated the income from its investments in enterprises such
as KAMCO, KATCO, MSIL and HGML. “It is encouraging to see public sector enterprises returning to sustained profitability, with their performance remaining at record levels over the past three years,” the Minister observed.
The BriefWire