Bengaluru: KSIIDC’s Profitable Streak Continues with ₹85.90 Crore Dividend to Government
Bengaluru: The Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) proudly presented a dividend of approximately ₹85.90 crore to the state government on Wednesday. The cheque was handed over by M.B. Patil, the Minister for Large and Medium Industries, to Chief Minister Siddaramaiah.
The dividend comprises ₹68.69 crore as a regular dividend and ₹17.21 crore as a special dividend. In addition, a contribution of ₹3 crore was made to the Chief Minister’s Relief Fund during the event.
Upon receiving the dividend, Chief Minister Siddaramaiah expressed his optimism regarding the profitability of state-run enterprises. “It is heartening to witness these profits being generated, as they will significantly contribute to various developmental initiatives,” he remarked.
The Chief Minister further highlighted that over the past two years, public sector undertakings such as KSDL and MSIL have experienced remarkable profitability, a trend attributed to the progressive industrial and export promotion policies implemented by the state government.
The event was attended by several dignitaries, including K.J. George, Minister for Energy; Dr. Shalini Rajneesh, Chief Secretary to the Government; N. Manjula, Secretary of the Department of Infrastructure; and Khushbu Goyal, Managing Director of KSIIDC.
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