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HUDCO makes all-time high dividend payout

By IndianMandarins- 05 Oct 2020
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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.128.65 crore to the Ministry of Rural Development, and Rs. 63.26 core to public shareholders.

The Union Minister of State (Independent Charge) Ministry of Housing and Urban Affairs Hardeep Singh Puri, was presented the final dividend cheque of Rs.428.68 crore for the year 2019-20 by M Nagaraj, Director (Corporate Planning) HUDCO. Present on the occasion were Union Secretary (MoHUA) Durga Shankar Mishra, D Guhan, Director (Finance) and other senior officials.

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