The Hon’ble Union Minister of Rural Development, Shri Narendra Singh Tomar, was presented the final dividend cheque of Rs 97.52 crore for the year 2019-20, by Shri M. Nagaraj, Director (Corporate Planning) HUDCO.
Present on the occasion were Shri Nagendra Nath Sinha, Secretary MoRD, Shri D. Guhan, Director (Finance) HUDCO and other senior officials.
The Ministry of Rural Development with a 20.73% share holding 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 dividend of Rs 428.68 crore to Ministry of Housing and Urban Affair (MoHUA), and Rs 63.26 core to public shareholders.