HUDCO CMD DR. M RAVI KANTH PRESENTS DIVIDEND CHEQUE TO M. VENKAIAH NAIDU FOR THE FY 2014-15

Dr. M Ravi Kanth, Chairman & Managing Director, HUDCO presented the dividend cheques for the financial year 2014-15 to M Venkaiah Naidu, Minister for Urban Development, Housing & Urban Poverty Alleviation and Parliamentary Affairs in the presence of Dr. Nandita Chatterjee, Secretary (HUPA), Madhusudan Prasad, Secretary (UD) and the Government Directors on HUDCO Board, R R Mishra and Jhanja Tripathy.

HUDCO has declared a total dividend of Rs. 120.50 crore (inclusive of dividend tax of  Rs. 20.49 crore) for the financial year 2014-15 to the Government of  India.  Out of the total dividend,  Rs. 69.20 crore is paid to the Ministry of Housing & Urban Poverty Alleviation, Rs. 10.08 crore is paid to the Ministry of Urban Development and Rs.20.73 crore is payable to the Ministry of Rural Development, Government of India.

In the financial year 2014-15, HUDCO registered highest ever profit after tax of Rs.777.63 crore.