Karnataka Soaps and Detergents Limited pays ₹135-cr dividend to government

Karnataka Soaps and Detergents Limited (KSDL) on Friday handed over ₹135 crore to the State government as dividend from its profits for the financial year 2024–25.

Large and Medium Industries Minister M. B. Patil and KSDL Chairman Appaji Nadagouda presented the cheque to Chief Minister Siddaramaiah.

Mr. Patil said that KSDL had achieved a turnover of ₹1,700 crore and recorded a profit of ₹451 crore in the last financial year. In line with regulations, 30% of the profit has been paid to the government as dividend.

In 2022–23, KSDL had paid a dividend of ₹54 crore to the State government, followed by ₹108 crore in 2023–24. Compared to last year, this year’s dividend reflects an increase of ₹27 crore. “In the coming years, this amount is expected to rise further,” Mr. Patil added.