Large and Medium Industries and Infrastructure Development Minister M.B. Patil handed over a dividend cheque of ₹143.12 crore to Chief Minister D.K. Shivakumar at Vidhana Soudha. The payment represents 30 per cent of the Karnataka State Industrial and Infrastructure Development Corporation’s (KSIIDC) eligible profits, in accordance with government norms. Additionally, the corporation presented a cheque of ₹3 crore to the Chief Minister’s Relief Fund.

The dividend payout follows a strong financial performance by KSIIDC, which recorded a post-tax net profit of ₹188.41 crore during the 2024-25 financial year. The corporation also earned an additional ₹19.34 crore as special dividend income during 2025-26. This revenue was generated primarily through strategic investments in state enterprises, including KAMCO, KATCO, MSIL, and HGML.

The transfer marks three consecutive years of record-level profitability for the public sector enterprise. Key officials present at the event included KSIIDC Managing Director Khushboo Goel and Executive Director Chidanand.

Published on June 22, 2026