Housing & Urban Development Corporation Limited
Housing & Urban Development Corporation Ltd is primarily engaged in the business of financing housing and urban development activities in the country.
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HUDCO has been assigned a 'Strong' ESG rating (score of 62) by an independent assessment. This development highlights the company's sustainability and governance profile.
HUDCO signed an MoU with the Government of Bihar to provide Rs. 25,000 Cr financial assistance over five years. This funding will support industrial infrastructure development, including land acquisition, in Bihar.
HUDCO's promoter shares (20.73%) are transferring from the Ministry of Rural Development to the Ministry of Housing and Urban Affairs. Total government ownership remains unchanged at 75%. This is an internal administrative realignment, not impacting overall promoter stake or public float.
HUDCO signed an MoU with Odisha Government to provide ₹1,00,000 Cr in term loans over 5 years for urban infrastructure and housing projects under UCF, BCPPER, and MSVY schemes.
HUDCO faces fines totaling Rs 0.11 Cr from exchanges for non-compliance with board composition rules. The board will pursue a waiver, stating director appointments are controlled by the Ministry and outside HUDCO's purview, thus beyond company control.