Archive · 29 May 2025
Karnataka Government Receives ₹85.90 Crore Dividend from KSIIDC
Imagine a company owned by the government called KSIIDC made some money.
They decided to share some of this money, like a big allowance, with the government of Karnataka.
The government received about ₹85.90 crore!
This money will be used for things the government wants to do.
The Chief Minister said it was great to see government-run businesses doing well, and this helps with important projects.
KSIIDC also gave some money to help people in need.
This is thanks to good plans by the government.
KSIIDC gave a dividend of ₹85.90 crore to the Karnataka government.
₹68.69 crore was a regular dividend, and ₹17.21 crore was a special dividend.
₹3 crore was donated to the Chief Minister’s Relief Fund.
The dividend cheques were handed over by Minister M.B. Patil to Chief Minister Siddaramaiah.
Chief Minister Siddaramaiah expressed encouragement at the profits from state-run enterprises.
- Who
- Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC), Government of Karnataka.
- What
- KSIIDC presented a dividend cheque of ₹85.90 crore to the State Government.
- When
- May 28, 2025.
- Where
- Karnataka.
- Why
- To contribute to various developmental initiatives.
- Recipient
- Government of Karnataka
- Source
- KSIIDC
- Total Dividend
- ₹85.90 crore
- Regular Dividend
- ₹68.69 crore
- Special Dividend
- ₹17.21 crore
- Relief Fund Contribution
- ₹3 crore
- Presented By
- M.B. Patil
- Received By
- Chief Minister Siddaramaiah