Union Minister of Housing and Urban Affairs Shri Manohar Lal, was presented a cheque of ₹397.88 crore by Shri Sanjay Kulshrestha, CMD HUDCO, towards final dividend payout to Government of India, for FY 2023-24, in the presence of Shri. Katikithala Srinivas, Secretary, MoHUA, Shri Kuldip Narayan, JS(HFA), Shri Dinesh Kapila (EA), and HUDCO Directors Shri M.Nagaraj (Corporate Planning) and Shri Daljeet Singh Khatri (Finance).
HUDCO paid the highest ever total dividend of ₹830.79 crore (41.50% on Equity) to shareholders for FY 2023-24, as against ₹770.73 crore for the FY 2022-23, which is an increase of 7.80% compared to last year. The dividend paid this year is ₹4.15 per share.
The Ministry of Housing and Urban Affairs with a 54.27% shareholding received a total dividend of ₹450.87 crore, while the Ministry of Rural Development with a shareholding of 20.73% received a total dividend of ₹172.22 crore for the year 2023-24.
Retail investors with a shareholding of 25% were paid ₹207.70 crore in dividend.
