HUDCO Pays Dividend of Rs. 120 Crore
Dr. M Ravi Kanth, Chairman & Managing Director, HUDCO presented the dividend cheques for the financial year 2014-15 to Shri M Venkaiah Naidu, Hon’ble Minister for Urban Development, Housing & Urban Poverty Alleviation and Parliamentary Affairs in the presence of Dr. Nandita Chatterjee, Secretary (HUPA), Shri. Madhusudan Prasad, Secretary (UD) and the Government Directors on HUDCO Board, Shri R R Mishra and Smt. Jhanja Tripathy. HUDCO has declared a total dividend of Rs. 120.50 crore (inclusive of dividend tax of Rs. 20.49 crore) for the financial year 2014-15 to the Government of India. Out of the total dividend, Rs. 69.20 crore is paid to the Ministry of Housing & Urban Poverty Alleviation, Rs. 10.08 crore is paid to the Ministry of Urban Development and Rs.20.73 crore is payable to the Ministry of Rural Development, Government of India. In the financial year 2014-15, HUDCO registered highest ever profit after tax of Rs.777.63 crore.