(THE NEWSMAN OF INDIA.COM) New Delhi, – The Housing and Urban Development Corporation Ltd. (HUDCO) reaffirmed its commitment to India’s urban development by presenting an interim dividend cheque of ₹307.79 crore for the financial year 2024-25. The cheque was handed over to Union Minister of Housing and Urban Affairs, Manohar Lal, during a formal ceremony in New Delhi.

Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, presented the cheque in the presence of Tokhan Sahu, Minister of State for Housing and Urban Affairs; S.P. Singh, Additional Secretary, MoHUA; M. Nagaraj, Director (Corporate Planning), HUDCO; and Daljeet Singh Khatri, Director (Finance), HUDCO. This event underscored HUDCO’s financial strength and its pivotal role in urban infrastructure development across India.

Expressing his appreciation, Manohar Lal highlighted HUDCO’s crucial role in financing urban housing and infrastructure projects aligned with the government’s flagship initiatives, including the Pradhan Mantri Awas Yojana (PMAY) and Smart Cities Mission. He emphasized that HUDCO’s continued financial contributions bolster efforts to create inclusive and sustainable urban growth.

As a leading public sector enterprise under the Ministry of Housing and Urban Affairs, HUDCO has consistently demonstrated strong financial performance. Its commitment to long-term financing for housing and urban development projects has played a crucial role in shaping India’s urban landscape.

The interim dividend payout reflects HUDCO’s ongoing profitability and commitment to sharing financial success with the government, reinforcing its position as a key enabler of India’s urban transformation. As the nation advances its ambitious urbanization goals, HUDCO remains a vital partner in ensuring access to affordable housing and robust infrastructure development.

With this latest dividend contribution, HUDCO continues to strengthen government-led urban development initiatives, furthering its mission of building a sustainable and habitable future for millions of urban residents in India.