HUDCO signs MoU with Government of Rajasthan

Housing and Urban Development Corporation Limited (HUDCO) has signed a non-binding Memorandum of Understanding (MoU) with the Government of Rajasthan through its Department of Finance, on 24th July, 2024 at Jaipur, Rajasthan. The MoU is an in-principle arrangement between the parties with the objective to provide financial assistance for housing and urban infrastructure projects in the State of Rajasthan to the extent of Rs. 1,00,000.00 Crore (for next 5 years), subject to mutually agreed terms and conditions.

The MoU was executed by Shri Sanjay Kulshrestha, CMD, HUDCO and Shri Debasish Prusty, IAS, Secretary to Government, Finance (Budget) Department, Rajasthan in the presence of Shri Bhajan Lal Sharma, Hon'ble Chief Minister, Rajasthan.

Shares of Housing & Urban Development Corporation Limited was last trading in BSE at Rs. 307.15 as compared to the previous close of Rs. 323.65. The total number of shares traded during the day was 7385258 in over 91507 trades.

The stock hit an intraday high of Rs. 329.55 and intraday low of 271.15. The net turnover during the day was Rs. 2290512634.00.

Source : Equity Bulls

Keywords

HousingandUrbanDevelopmentCorporation INE031A01017 HUDCO MoU RajasthanGovernment