HUDCO Pays – Rs. 100.01 Crore to GoI

Sarkaritel
By Sarkaritel October 17, 2014 10:13

HUDCO Pays – Rs. 100.01 Crore to GoI


New Delhi, Oct 17 : HUDCO has declared a total dividend of Rs. 100.01 crore for the financial year 2013-14 to the Government of India by HUDCO. Out of this total amount, Rs. 69.20 crore is payable to Ministry of Housing & Urban Poverty Alleviation, Rs. 10.08 crore is payable to Ministry of Urban Development and Rs. 20.73 crore to Ministry of Rural Development.

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Dr. M Ravi Kanth, Chairman & Managing Director, HUDCO along with N L Manjoka, Director Corporate Planning (HUDCO) and A K Kaushik, Director Finance (HUDCO) presented the Cheque to M Venkaiah Naidu Minister for Housing & Urban Poverty Alleviation (HUPA) in the presence of Ms. Anita Agnihotri, Secretary, HUPA.

For the financial year 2013-14, HUDCO posted impressive Profit After Tax (PAT) of Rs. 726.34 crores as against Rs.700.56 crores during 2012-2013 with 3.68 % increase over last year. The total Sanctions for the year was Rs. 17491 crore which was 16.61 % higher than the MoU target of Rs. 15000 crores.

Out of the total 14.34 lakh Dwelling Units (DUs) sanctioned during the year, 98.46 % are for the Economically Weaker and Low Income Group categories, which is in sync with HUDCO’s motto of “Profitability with Social Justice.”

In the field of Urban Infrastructure, Hudco has sanctioned a total of 72 schemes with a financial assistance of Rs. 7,848 crore under various sectors like Water Supply, Sewerage, Drainage, Power, Social Infrastructure, Commercial Infrastructure, Roads and Transport.

The other services provided by HUDCO also include   Building Technology Promotion, Research & Training and Consultancy. Several new initiatives have been undertaken by HUDCO during the last financial year. Some of which include :

  • Venture Capital
  • Partnering Delhi-Mumbai Industrial Corridor
  • Micro Finance of Housing
  • Amritsar-Kolkata Industrial Corridor Development Corporation (AKICDC)
  • HUDCO Design Awards
Sarkaritel
By Sarkaritel October 17, 2014 10:13