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Our Bureau

New Delhi , Aug. 31

THE Government has conferred mini-ratna status to Housing and Urban Development Corporation Ltd (Hudco).

Hudco was incorporated in 1970 as a fully-owned Government company under the Companies Act, 1956, with the main objective of financing housing and urban development projects in the country, and to finance building material industries and setting up of new townships.

In order to achieve these objectives, Hudco finances a variety of housing and urban development projects formulated by the State Housing Boards, Development Authorities and Improvement Trusts.

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