HUDCO Makes All-Time High Dividend Payout

By Sarkaritel October 6, 2020 05:13

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The Union Minister of State (Independent Charge) Ministry of Housing and Urban Affairs Shri HS Puri, was presented the final dividend cheque of Rs.428.68 crore for the year 2019-20, by Shri M. Nagaraj Director (Corporate Planning) HUDCO. Present on the occasion were Shri. DS Mishra, Secretary MoHUA, Shri D. Guhan, Director (Finance) and other senior officials.

In its Golden Jubilee year, HUDCO has made an all-time high dividend payout of 31% amounting to Rs 620.59 crore for the year 2019-20. HUDCO also paid dividend of Rs.128.65 crore to the Ministry of Rural Development, and Rs. 63.26 core to public shareholders.