Government of Karnataka gets ₹85.90 crore dividend cheque from KSIIDC

A file photo of Karnataka Chief Minister Siddaramaiah with Heavy and Medium Industries Minister M B Patil. | Photo Credit: MURALI KUMAR K

The Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) presented a dividend of approximately ₹85.90 crore to the State Government on May 28.

Of the total amount, ₹68.69 crore is regular dividend, while ₹17.21 crore is special dividend. Additionally, ₹3 crore was contributed to the Chief Minister’s Relief Fund.

Large and Medium Industries Minister M.B. Patil handed over the dividend cheques to Chief Minister Siddaramaiah.

Receiving the dividend, Mr. Siddaramaiah said it was encouraging to see State-run enterprises posting profits. “Such profits, when shared, will contribute to various developmental initiatives,” he added.

The Chief Minister noted that over the past two years, public sector undertakings, such as KSDL and MSIL, have been registering significant profits driven by forward-looking industrial and export promotion policies introduced by the government of Karnataka.

Published - May 29, 2025 11:26 am IST