Government-Owned HLL Gives ₹70 Crore Back to the Treasury, Fueling Affordable Medicine Program
SDG 3: Good Health and Well-being | SDG 17: Partnerships for the Goals
Institutions: Ministry of Health and Family Welfare
HLL Lifecare Limited (HLL), a key government healthcare enterprise (Mini-Ratna CPSE), announced a record financial contribution by paying a dividend of ₹69.53 crore to the Government of India for the Financial Year 2024–25. This robust performance is underpinned by the company’s strong operational growth, which saw its consolidated revenue jump by 19% to ₹4,900 crore over the previous year. Union Health Minister J.P. Nadda highlighted that this financial strength directly supports the national goal of affordable healthcare.
The success is closely tied to HLL’s public service initiatives, particularly the AMRIT Pharmacies, which provide essential medicines and surgical items at low cost. Over the past decade, these pharmacies have provided significant relief to the public, benefiting over 6.7 crore people and collectively saving them more than ₹8,000 crore in out-of-pocket expenses for medical treatment. The dividend payment solidifies the company’s dual role as a profitable enterprise and a crucial tool for achieving public welfare.
The record dividend and sustained high revenue growth of HLL exemplify the viability of the public sector model in delivering critical social goods like affordable healthcare, providing both fiscal support to the government and substantial financial savings directly to the populace.
What is a Central Public Sector Enterprise (CPSE)?→ A CPSE is a company in India where the majority stake (51% or more) is owned by the Central Government. These firms are expected to operate efficiently and profitably like private companies, but their primary purpose is to serve strategic national economic and social objectives, such as providing affordable healthcare or securing energy supply.
Relevant Question for Policy Stakeholders: How can the government leverage the financial success and operational model of HLL to rapidly scale the affordable medicine and medical services network in underserved rural and remote areas?
Follow the full news here: HLL pays Rs. 69.5 crores as dividend to Government of India for Financial Year 2024-25