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Informist, Thursday, Jun. 18, 2026

--HUDCO to give fincl assistance up to INR 1 tln for infra projects in Gujarat 

MUMBAI – Housing and Urban Development Corp. Ltd. Wednesday said it has signed a memorandum of understanding with the government of Gujarat to provide financial assistance of up to INR 1 trillion for infrastructure projects in the state, as per an exchange filing.  

Under the agreement, HUDCO will extend financial assistance over the next two years for identified infrastructure projects aimed at supporting the state's overall economic development, it said in the filing. The Gujarat government will facilitate HUDCO in obtaining necessary approvals, clearances and registrations from relevant departments, in line with existing policies and regulations of the state government, it said. The funding will be provided on flexible terms, including a moratorium period and a flexible repayment schedule, as per the filing.

For the March quarter, the state-owned company reported a net profit of INR 19.81 billion on revenues of INR 35.63 billion. On Wednesday, the company's shares ended 0.4% higher at INR 213.65 on the National Stock Exchange.  End

Reported by Shumaila Firoz 

Edited by Avishek Dutta

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