HUDCO Pays Dividend of Rs. 120 crore

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Dividend cheque by the CMD, HUDCO
Dividend cheque by the CMD, HUDCO
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Azadi Ka Amrit Mahoutsav

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HUDCO Pays Dividend of Rs. 120 crore

Dr. M Ravi Kanth Chairman & Managing Director, HUDCO presented the dividend cheques for the financial year 2015-16 to Shri M Venkaiah Naidu, Hon’ble Minister for Urban Development, Housing & Urban Poverty Alleviation and Information & Broadcasting in the presence of Shri Rao Inderjit Singh, Hon’ble MOS (UD & HUPA), Dr. Nandita Chatterjee, Secretary (HUPA), Shri Rajiv Gauba, Secretary (UD), Shri N L Manjoka, Director (Corporate Planning), HUDCO and Shri Rakesh Kumar Arora, Director (Finance), HUDCO.

HUDCO has declared a total dividend of Rs. 120.37 crore (inclusive of dividend tax of Rs. 20.36 crore) for the financial year 2015-16 to the Government of India. Out of the total dividend paid, Rs. 69.20 crore to the Ministry of Housing & Urban Poverty Alleviation, Rs. 10.08 crore to the Ministry of Urban Development and Rs. 20.73 crore to the Ministry of Rural Development, Government of India.

In the financial year 2015-16, HUDCO registered highest ever profit after tax of Rs.783.79 crore.

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Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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