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HLL Lifecare pays Rs 122.47 Cr dividend health ministry for FY 2021-22

According to the health minister, 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

HLL Lifecare Limited (HLL), a mini-ratna public sector enterprise under the Union Ministry of Health & Family Welfare, paid a dividend of Rs 122.47 crore to the Health Ministry for the financial year 2021-22. The cheque was presented to Dr Mansukh Mandaviya, Union Minister of Health and Family Welfare by Beji George, Chairman & Managing Director, HLL in the presence of Dr Bharati Pravin Pawar, MoS(HFW) at a function held at Nirman Bhavan.

Expressing happiness at the record turnover of Rs 35,668 crore and a profit before tax of Rs.551.81 crore of HLL during the financial year 2021–22 and appreciating their support during the pandemic, Dr Mandaviya 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, “Though PSUs were established with great vision, their performance has not always been satisfactory. Expressed concerns over the sustainability of PSUs, he pointed out that “financial discipline and responsible behaviour are key aspects for the sustainability of PSUs.”

Dr Bharati Pravin Pawar, Union Minister of State congratulated HLL for their achievement and also lauded its efforts during the pandemic.

Beji George, CMD, HLL conveyed his sincere thanks and acknowledgement for the cooperation, for reposing confidence in HLL and the support extended by various departments of the Government of India, particularly the Ministry of Health & Family Welfare. 

PIB

 

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