Bengaluru: Large and Medium Industries and Infrastructure Development Minister M.B. Patil on Monday handed over a dividend cheque of ₹143.12 crore to Chief Minister D.K. Shivakumar at Vidhana Soudha on behalf of the Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) from the corporation’s profits for the financial year 2024-25. On the occasion, KSIIDC also presented a cheque for ₹3 crore towards the Chief Minister’s Relief Fund.
Speaking on the occasion, the Minister said that KSIIDC had recorded a net profit of ₹188.41 crore during 2024-25 after tax. In addition, the corporation earned ₹19.34 crore as special dividend income during 2025-26. In accordance with government norms, 30 per cent of the dividend amount has now been transferred to the State Government, he said.
The corporation generated this income from its investments in enterprises such as KAMCO, KATCO, MSIL and HGML. It is encouraging to see public sector enterprises returning to sustained profitability, with their performance remaining at record levels over the past three years, he observed.
KSIIDC Managing Director Khushboo Goel and Executive Director Chidanand were present at the programme.
