HUDCO signs MoU with Gujarat Government

Housing and Urban Development Corporation Limited (HUDCO) has executed a Memorandum of Understanding with the State Government of Gujarat for an investment up to Rs.14,500 Crore for financing the Housing and Urban Infrastructure projects in the State of Gujarat.

The State Government of Gujarat intends for overall development of the State of Gujarat by implementing various housing and infrastructure projects in the State of Gujarat. HUDCO being a techno-financial institution, in the business of providing financial assistance for housing and urban development projects in the country, thus catering to the various requirements of all sectors thereof, playing a vital role in strengthening the social and economic fundamentals of India thereby playing a pivotal role in building assets for the Nation.

HUDCO expressed its interest in executing this MoU for an investment up to Rs.14,500 Crore under Financial Services Sector in the form of financial assistance, as per its objectives and guidelines to the State Government of Gujarat for eligible sector projects through term loan for Infrastructure projects.

Shares of Housing & Urban Development Corporation Limited was last trading in BSE at Rs. 105.47 as compared to the previous close of Rs. 105.73. The total number of shares traded during the day was 1032068 in over 5598 trades.

The stock hit an intraday high of Rs. 106.73 and intraday low of 104.71. The net turnover during the day was Rs. 109003112.00.

Source : Equity Bulls

Keywords

HousingandUrbanDevelopmentCorporation INE031A01017 HUDCO MoU GovernmentofGujarat