Sunday, October 17, 2021

HUDCO hands over Rs 174.23 Cr cheque as final dividend to largest shareholder Ministry of Housing

The Housing and Urban Development Corporation Limited (HUDCO), a government corporation under the ownership of the Ministry of Housing and Urban Affairs, has paid a total dividend of Rs 435.41 crore to its shareholders for the Financial year 2020-21, as part of the share of the Ministry of Housing and Urban Affairs(MoHUA).

The Ministry of Housing and Urban Affairs is the largest shareholder in the company, having 61.08% share. 20.73% share is with the Ministry of Rural Development while the public holding is 18.19%.

The Company earned Gross profit of Rs 2268.64 Crore in 2020-21, compared to Rs 2174.53 Crore last year. HUDCO had announced total dividend of 21.25% to its shareholders.

It had earlier paid an interim dividend of Rs 103.71 Crore @ 7.5%. The shareholding of MoHUA at the time of interim dividend was 69.08% which was subsequently reduced to 61.08% after divestment. It also paid Rs 50 Crore as unspent CSR fund to the government account.

Housing and Urban development Corporation (HUDCO) is a Schedule-A miniratna CPSE and India’s leading techno-financial PSU in the Housing and Urban Infrastructure.

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