SAIL Declines Dividend To Government Citing Cash Crunch

SAIL's refusal could make it harder for the government to meet its budgeted target of raising Rs 1.06 lakh crore from state-owned firms for FY19.

Corporates | | Updated: August 31, 2018 14:16 IST
SAIL Declines Dividend To Government Citing Cash Crunch

Last fiscal year, the government received Rs 123 crore, 13 per cent below the then target.