Railways receives Rs 505 cr as dividend from PSU's

The seven Public Sector Undertakings of Indian Railways handed over dividends amounting to Rs 505 crore for 2012-13 to the Indian Railways.

This is 25% more than the dividends collected last year that were summed up to Rs 406 crore. Railway Minister Mallikarjun Kharge received the cheques from the PSUs.

Ircon International paid the highest dividend amounting to Rs 148 crore followed by CONCOR that paid Rs 144 crore.