On Wednesday, the Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) gave the state government a dividend of over Rs85.90 crore. Chief Minister Siddaramaiah received the dividend checks from Minister of Large and Medium Industries MB Patil. Regular dividends make up Rs 68.69 crore of the total, while special dividends make up Rs 17.21 crore. On the occasion, an additional Rs 3 crore was donated to the Chief Minister’s Relief Fund.

Chief Minister Siddaramaiah, who accepted the payout, expressed optimism that state-run businesses were turning a profit. “When distributed, these profits will support a range of development projects,” he said.

The Chief Minister also pointed out that the state government’s forward-thinking industrial and export development strategies have been responsible for the notable profits made by public sector enterprises like KSDL and MSIL over the last two years.

Energy Minister KJ George, Chief Secretary to the Government Dr. Shalini Rajneesh, Secretary of the Department of Infrastructure N Manjula, and Managing Director Khushbu Goyal of KSIIDC were among those in attendance.