HITES Pays Rs 1.42 cr Dividend for FY 2016-17

NEW DELHI:
Driven by an upsurge in its profit, HITES (HLL Infra Tech Service Limited) has paid an interim dividend of Rs 1.42 crore to the parent company HLL Lifecare Ltd (HLL) for the FY 2016-17.
S N Sathu, Director & CEO, HITES, gave the dividend cheque to R.P. Khandelwal, CMD, HLL, at a function held at HITES Corporate Office in Noida on Monday.
HITES, a 100% subsidiary of the mini-Ratna PSU HLL, is India’s only comprehensive healthcare service provider in the healthcare sector.
The Union Ministry of Health and Family Welfare has designated HITES as its Executing Agency and tasked it with the upgradation of 12 government medical college institutions under the Pradhan Mantri Swasthya Suraksha Yojana.
Incorporated in April 2014, HITES provides services to the Central and state governments and other institutions. Its infrastructure division specializes in setting up super-specialty hospitals, medical co
lleges, administrative buildings, residential complex and research centres, among others.