HUDCO Pays Dividend of Rs. 120 crore

New Delhi, September 20, 2016: Dr.M Ravi Kanth Chairman & Managing Director, HUDCO presented the dividend cheques for the financial year 2015-16 to Shri M Venkaiah Naidu, Minister for Urban Development, Housing & Urban Poverty Alleviation and Information & Broadcasting in the presence of Shri Rao Inderjit Singh, MOS (UD & HUPA), Dr.Nandita Chatterjee, Secretary (HUPA), Shri Rajiv Gauba, Secretary (UD), Shri N L Manjoka, Director (Corporate Planning), HUDCO and Shri Rakesh Kumar Arora, Director (Finance), HUDCO.

HUDCO has declared a total dividend of Rs. 120.37 crore (inclusive of dividend tax of Rs. 20.36 crore) for the financial year 2015-16 to the Government of India. Out of the total dividend paid, Rs. 69.20 crore to the Ministry of Housing & Urban Poverty Alleviation, Rs. 10.08 crore to the Ministry of Urban Development and Rs. 20.73 crore to the Ministry of Rural Development, Government of India.

In the financial year 2015-16, HUDCO registered highest ever profit after tax of Rs.783.79 crore.