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HUDCO makes Dividend Payout to Ministry of Rural Development

By IndianMandarins- 15 Oct 2020
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Union Minister of Rural Development, Narendra Singh Tomar, was presented the final dividend cheque of Rs.97.52 crore for the year 2019-20, by M Nagaraj, Director (Corporate Planning) HUDCO. Present on the occasion were Nagendra Nath Sinha, Secretary, Ministry of Rural Development (MoRD); D. Guhan, Director (Finance) HUDCO and other senior officials. The Ministry of Rural Development with a 20.73% shareholding has received a total dividend of Rs. 128.65 crore.

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 a dividend of Rs. 428.68 crore to the Ministry of Housing and Urban Affairs (MoHUA), and Rs. 63.26 core to public shareholders.

 

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