State-owned HLL Lifecare Limited paid a dividend of ₹122.47 crore to the Health Ministry for the financial year 2021-2022, an official statement said. The check was presented by Beji George, Chairman and Managing Director of HLL to Union Minister of Health, Mansukh Mandaviya at an event on Wednesday.
HLL recorded a turnover of ₹35,668 crore and a profit before tax of ₹551.81 crore in the FY 2021-22.
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.”
Expressing his concern over the sustainability of PSUs, he said that even though PSUs were established with great vision, the performance has not always been satisfactory. He pointed out that “financial discipline and responsible behaviour are the key aspects for the sustainability of PSUs.”
HLL was incorporated on 1st March 1996 to produce contraceptives to support the government’s family planning programme. HLL later diversified into other healthcare segments such as hospital products, hospital infrastructure management, diagnostic services, medical equipment procurement consultancy and retailing of pharmaceuticals.
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