CPSE payout to swell central coffers by ₹80,000 cr in FY26

Robust earnings, focus on boosting returns are expected to sustain dividend inflow growth

- Rhik Kundu & Subhash Narayan

Payments from state-run companies to the exchequer are likely to cross ₹80,000 crore in FY26, an all-time high, two people familiar with the matter said, citing strong contributions from oil and gas, power, and mining.

Robust earnings in these sectors, along with a focus on boosting returns from public sector investments, is expected to sustain the growth in dividend inflows.

During FY25, Central Public Sector Enterprise (CPSE) dividend collections stood at around ₹74,016.68 crore, despite global headwinds and domestic demand pressures, beating revised estimates of ₹55,000 crore by a huge margin.

Sector leaders NTPC Ltd, Powergrid Corporation of India Ltd, Hindustan Zinc Ltd, NPCIL Ltd, Coal India Ltd, National Aluminium Company Ltd and ONGC—the top dividend contributors among CPSEs in FY25—are expected to drive the bulk of dividend payouts in FY26, the first person mentioned above said, requesting anonymity.