HLL Lifecare Limited pays Rs. 122.47 crores as dividends to the Government of India for the Financial Year 2021-22
Dr Mansukh Mandaviya congratulates HLL Lifecare Limited for their achievement and appreciates their efforts during the pandemic
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 Shri Beji George, Chairman & Managing Director, HLL in the presence of Dr Bharati Pravin Pawar, MoS(HFW) at a function held at Nirman Bhavan, here today.
Expressing happiness at the record turnover of Rs 35,668 crore and a profit before tax of Rs.551.81 Cr of HLL Lifecare Limited 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 that 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.”
Financial discipline and responsible behaviour are key aspects for the sustainability of PSUs: Dr Mansukh Mandaviya
Dr Bharati Pravin Pawar, Union Minister of State congratulated HLL for their achievement and also lauded its efforts during the pandemic.
Shri Beji George, Chairman & Managing Director, HLL conveyed his sincere thanks and acknowledgment for the cooperation, for reposing confidence in HLL and for the support extended by various departments of the Government of India, particularly the Ministry of Health & Family Welfare.
HLL was incorporated on 1st March 1966 to produce contraceptives to support Government’s family planning programme. While focusing on and expanding the core areas i.e., reproductive healthcare, HLL diversified into other healthcare segments like hospital products, hospital infrastructure management, medical equipment procurement consultancy, diagnostic services, retailing of pharmaceuticals etc.
Shri Rajesh Bhushan, Union Health Secretary, senior officials of the ministry and HLL were present during the occasion.
Disclaimer : This is an official press release by PIB.