State-owned NBCC (India) Ltd has signed an initial pact with HUDCO to develop projects worth Rs 117 crore. In a statement on Monday, NBCC said it has signed a Memorandum of Understanding (MoU) with the Housing and Urban Development Corporation Ltd (HUDCO) to "execute transformative development projects in Panchkula, Kaushambi, Ahmedabad and New Delhi." The MoU was signed by Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and K P Mahadevaswamy, Chairman and Managing Director of NBCC. Under this agreement, NBCC will develop a commercial complex at Kaushambi in Ghaziabad, an integrated redevelopment of HUDCO's land parcel at Panchkula, in Haryana and construction of new blocks at HUDCO's Regional Office in Ahmedabad. It would also include the reconstruction of residential flats at the Asian Games Village Complex in the national capital. "Together, these projects represent a combined investment of more than Rs 117 crore and will be executed on a turnkey basis by NBCC," th
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Hudco scrapped its Rs 3,000 crore bond issue after investors sought higher yields, reflecting hardened corporate bond rates in line with rising government securities
Housing and Urban Development Corporation Limited (HUDCO) plans to raise up to Rs 3,000 crore by issuing non-convertible debentures. In a regulatory filing on Monday, the company informed that the Board of Directors had in April this year approved a proposal to raise up to Rs 65,000 crore through the issue of bonds/debentures in 2025-26. The Bond Allotment Committee, in its meeting to be held on August 29, 2025, proposes to approve the issue/ allotment of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs of face value of Rs 1 lakh each, aggregating up to Rs 3,000 crore on a private placement basis. HUDCO is a premier techno-financing public sector enterprise in the field of housing and infrastructure development. The company recently reported a 13 per cent increase in its consolidated net profit to Rs 630.23 crore for the first quarter of this fiscal. Its net profit stood at Rs 557.75 crore in the year-ago period. The total income rose to Rs 2,945.47 crore in t
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The base issue size is ₹500 crore, with an additional green-shoe option of ₹250 crore
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Institution aims to lower cost of funds by leveraging softening rates; raised ₹2,190 crore via NCDs in May and targets ₹65,000 crore in total borrowings this year
Hudco has reported ₹2,844.99 crore revenue from operations, marking a 37 per cent increase from last year's Q4 results
HUDCO reported Rs 727.74 crore Q4 profit for FY25 with improved net interest income and loan disbursements; board recommends Rs 1.05 final dividend per share
The company's stock rose as much as 6.57 per cent during the day to ₹207.7 per share, the biggest intraday gain since March 19 this year
The uptick in the company's share price came on the back of the news that the Navratna company had announced the issuance of ₹2,000 crore by issuing bonds on a private placement basis
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"The Budget allocated Rs 1.59 trillion to housing and urban development over FY25RE of Rs 1.06 trillion which was a downward revision in FY25RE from FY25BE of Rs 1.25 trillion," JM Financial said
The company recently committed funding of Rs 25,000 crore for port development
HUDCO intends to create an institutional complex which is may have 8.71 Lakh sq ft. of built-up area with a mix of office space, studio apartments, conference space and retail & common facilities