Of these, ONGC, NTPC and IOC account for more than half of the total dividend declared by these PSUs.
Just next to them, Bhel has also shown a significant increase in dividend with a pay out of R1,032 crore, a 33.7% rise over 2009-10. The government holding in ONGC is 74.14%, while it is 84.5% in NTPC. Its holding in IOCL is 78.92% and 80.4% in Engineers India. Bhel and SAIL have government holdings of 67.72% and 85.82%, respectively.
The environment for the PSUs improved in 2010-11 as the impact of the fiscal stimulus set in. As a result, the bottom line growth of many of these companies shot up substantially.