HUDCO makes dividend payout to MoRD

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