HLL Lifecare pays Rs 122.47 crore dividend to Indian Government

12 Jan 2023 , 08:55 AM

HLL Lifecare Limited (HLL), a mini-ratna public sector enterprise under Union Ministry of Health & Family Welfare has paid a dividend of Rs 122.47 crore to the Health Ministry for financial year 2021-22.

HLL registered turnover of Rs35,668 crore and a profit before tax of Rs551.81 crore during the financial year 2021–22.

Dr Mansukh Mandaviya, Union Minister of Health and Family Welfare said, “HLL has played an important role in the procurement and distribution of emergency medical supplies supporting the Union Health Ministry for Covid– 19 pandemic management. As a nodal agency for procurement and supply of emergency medical items for COVID -19 pandemic management, it has enabled real time management of the crisis”.

He further noted that though PSUs were established with great vision, their performance has not always been satisfactory.  Expressed concerns over sustainability of PSUs, he pointed out that “financial discipline and responsible behavior are key aspects for the sustainability of PSUs.”

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