KSIIDC hands over Rs 143.12 crore dividend to Karnataka government
Bengaluru, June 22
The Karnataka State Industrial and Infrastructure Development Corporation on Monday handed over a dividend of Rs 143.12 crore to the state government from its net profit for 2024-25.
Large and Medium Industries Minister M B Patil presented the cheque to Chief Minister D K Shivakumar at Vidhana Soudha. KSIIDC also contributed Rs 3 crore to the Chief Minister's Relief Fund.
Speaking on the occasion, Minister Patil said KSIIDC recorded a net profit of Rs 188.41 crore after tax in 2024-25. The corporation also received Rs 19.34 crore as special dividend income for 2025-26. As per norms, 30% of the profit has been handed over to the government as a dividend, he said.
The revenue came from KSIIDC's investments in CAMCO, CATCO, MSIL, HGM and other enterprises. Patil added that public sector undertakings returning to profitability and posting record figures for the last three years is a positive development.
KSIIDC Managing Director Khushboo Goel and Executive Director Chidanand were present at the event.
Earlier on Sunday, Shivkumar alleged that the Centre's Special Intensive Revision (SIR) of electoral rolls has put the opposition at risk and urged Congress workers to actively assist voters in completing the enumeration process.
Addressing the Sankalpa Samavesha programme, Shivakumar said party leaders and Booth Level Agents (BLAs) must remain vigilant during the revision exercise to ensure eligible voters are not excluded from electoral rolls.
"The Centre has put us in danger. Tamil Nadu has cut 64 lakhs. There has been a cut in West Bengal. Whether it is Mallikarjun Kharge or me, everyone should fill out the enumeration form. I have also discussed with all the officials. All our BLAs should become help desks. Congress leaders should pay attention to what the government is doing or not. Attention should be paid to everyone who has gone out to work," the Chief Minister said.
— ANI
Reader Comments
Finally some good news from our state PSUs! KSIIDC has been doing commendable work in Karnataka's industrial development. But I wish the CM would focus on development instead of making allegations about electoral rolls. The way he's talking about Tamil Nadu and West Bengal cutting voters seems like diversion tactics. Let's keep track of what matters — jobs and growth! 💪
Rs 188 crore net profit — that's impressive for a state PSU! The 30% dividend payout to the government is as per norms. But I'm concerned about the Chief Minister's remarks on electoral rolls. Accusing the Centre without concrete evidence doesn't help anyone. The Congress should focus on delivering good governance in Karnataka instead of playing victim politics. My 2 paise: let's celebrate the KSIIDC achievement without mixing political allegations.
Great news for Karnataka! KSIIDC showing how state PSUs can contribute to the exchequer. The Rs 3 crore to CM Relief Fund is also a noble gesture. But reading the second part of the article — why is the CM suddenly talking about voter cuts? Is there any proof? This sounds like shifting focus from development to political rhetoric. Let's hope the government maintains discipline and doesn't let baseless allegations derail progress.
Honestly, this article has two very different stories. First, KSIIDC's profit is something to be proud of — shows good financial management. Second, the CM's claims about electoral rolls seem vague. Tamil Nadu cutting 64 lakh voters? That's a massive number without details. I feel the government should provide evidence if they're making such serious allegations. The dividend news should be the focus here! 😊
K