HUDCO pays a final dividend of Rs174.23cr to the Minister of Housing and Urban Affairs in FY21

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

Oct 13, 2021 12:10 IST India Infoline News Service

State-owned Housing & Urban Development Corporation (HUDCO) has paid a total dividend of Rs435.41cr to its shareholders for the Financial year 2020-21. Also, the company handed over a cheque of Rs174.23cr as the final dividend to the Minister of Housing and Urban Affairs Hardeep Singh Puri, as part of the share of the Ministry of Housing and Urban Affairs (MoHUA).

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

The Company earned a Gross profit of Rs 2268.64 Crore in 2020-21, compared to Rs 2174.53 Crore last year. HUDCO had announced a 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 the interim dividend was 69.08% which was subsequently reduced to 61.08% after divestment. It also paid Rs 50 Crore as an unspent CSR fund to the government account.

At around 12.17 pm, HUDCO is trading at Rs45.25 per piece up 0.6% on Sensex. The stock has touched an intraday high and low of Rs45.70 per piece and Rs45.10 per piece respectively. 

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