HUDCO signs MoU with MMRDA

Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra, on 8th April, 2025 at Mumbai.

The MoU has been entered to establish a framework for cooperation between HUDCO and MMRDA wherein HUDCO shall explore and provide funds up to Rs.1,50,000 Crore over a period of five years for development of infrastructure projects to be implemented by MMRDA in Mumbai Metropolitan Region. Further, HUDCO will also extend Consultancy services and Capacity Building activities to meet the emerging requirements of MMRDA.

The MoU was signed in presence of Shri Devendra Fadnavis, Hon'ble Chief Minister, Maharashtra, Shri Eknath Shinde, Hon'ble Deputy Chief Minister, Maharashtra, Shri Sanjay Kulshrestha, Chairman & Managing Director, HUDCO and other dignitaries.

Shares of Housing & Urban Development Corporation Limited was last trading in BSE at Rs. 207.05 as compared to the previous close of Rs. 194.90. The total number of shares traded during the day was 678521 in over 10810 trades.

The stock hit an intraday high of Rs. 207.95 and intraday low of 198.50. The net turnover during the day was Rs. 138152995.00.

Source : Equity Bulls

Keywords

HousingandUrbanDevelopmentCorporation INE031A01017 HUDCO MoU MMRDA