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Housing & Urban Development Corporation Ltd.

BSE: 540530 Sector: Financials
NSE: HUDCO ISIN Code: INE031A01017
BSE LIVE 15:54 | 21 Aug 79.60 -0.45
(-0.56%)
OPEN

81.00

HIGH

82.20

LOW

79.40

NSE 15:58 | 21 Aug 79.75 -0.40
(-0.50%)
OPEN

80.75

HIGH

82.20

LOW

79.55

OPEN 81.00
PREVIOUS CLOSE 80.05
VOLUME 958266
52-Week high 102.35
52-Week low 66.15
P/E 17.46
Mkt Cap.(Rs cr) 15,935
Buy Price 79.60
Buy Qty 38.00
Sell Price 0.00
Sell Qty 0.00
OPEN 81.00
CLOSE 80.05
VOLUME 958266
52-Week high 102.35
52-Week low 66.15
P/E 17.46
Mkt Cap.(Rs cr) 15,935
Buy Price 79.60
Buy Qty 38.00
Sell Price 0.00
Sell Qty 0.00

Housing & Urban Development Corporation Ltd. (HUDCO) - Company History

HUDCO was incorporated as The Housing and Urban Development Finance Corporation Private Limited on April 25 1970 as a private limited company under the Companies Act 1956 and was granted a certificate of incorporation by the then Registrar of Companies Delhi. Subsequently the name of the Company was changed to its present name Housing and Urban Development Corporation Limited and a fresh certificate of incorporation dated July 9 1974 was issued by the then Registrar of Companies Delhi & Haryana. The Company was notified as a public financial institution under Section 4A of the Companies Act 1956 on December 9 1996 by the Department of Company Affairs Ministry of Finance GoI. Further the NHB issued a certificate of registration to us on July 31 2001 permitting to carry on the business of a housing finance institution. The Company is a wholly-owned Government company with more than 46 years experience in providing loans for housing and urban infrastructure projects in India. The company has been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI. As at September 30 2016 the companies total sanctioned loans since the companies inception was Rs. 1570870.0 million Rs. 612305.4 million of which or 38.97% were Housing Finance (as defined below) loans and Rs. 958573.2 million of which or 61.02% were Urban Infrastructure Finance (as defined below) loans. As at September 30 2016 the companies total outstanding Loan Portfolio was Rs. 361119.3 million Rs. 112951.1 million of which or 31.28% were Housing Finance loans and Rs. 248168.2 million of which or 68.72% were Urban Infrastructure Finance loans and project-linked bonds.The company classified housing finance loans into social housing residential real estate and retail finance which is branded as HUDCO Niwas. The Urban Infrastructure Finance which the company provides is for projects relating to water supply roads and transports power Emerging sectors which includes SEZs (special economic zones) industrial infrastructure gas pipelines oil terminals and telecom sector projects; commercial infrastructure and others which includes shopping centres market complexes malls-cum-multiplexes hotels and office buildings; social infrastructure and area development; and sewerage drainage and solid waste management.