HUDCO signs MoU with IIFCL

Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Limited (IIFCL), a company wholly owned by Government of India, on 6th June, 2024 at New Delhi, with the aim of reinforcing cooperation and collaboration to leverage respective strengths for extending Infrastructure CoFinancing, Refinancing, Project Management Consultancy Services and Capacity Building activities, subject to compliance with their respective mandates and policies. The MoU was executed by Shri Sanjay Kulshrestha, CMD, HUDCO and Dr. Padmanabhan Raja Jaishankar, Managing Director, IIFCL in the presence of the Senior Officials of both the CPSEs including Shri M. Nagaraj, Director (Corporate Planning) of HUDCO and Shri Pawan K. Kumar, Deputy Managing Director of IIFCL.

Shares of Housing & Urban Development Corporation Limited was last trading in BSE at Rs. 249.65 as compared to the previous close of Rs. 232.85. The total number of shares traded during the day was 2381278 in over 23872 trades.

The stock hit an intraday high of Rs. 260.05 and intraday low of 238.20. The net turnover during the day was Rs. 601348181.00.

Source : Equity Bulls

Keywords

HousingandUrbanDevelopmentCorporation INE031A01017 HUDCO MoU IIFCL