HUDCO to raise up to ₹22,000 crore via bonds

PTI | | Updated on: Jul 28, 2022
Logo of HUDCO

Logo of HUDCO

HUDCO’s board approves Annual Resource Plan to finance affordable housing and urban infrastructure projects

State-owned Housing & Urban Development Corporation Ltd (HUDCO) on Thursday said its board has approved the proposal to raise up to ₹22,000 crore through bonds and debentures to finance affordable housing and urban infrastructure projects.

The board of directors has approved the Annual Resource Plan of the company by raising funds through the issue of bonds/debentures, as may be permitted by regulatory authorities from time to time during FY23, up to a maximum of ₹22,000 crore.

HUDCO is a techno-financial institution engaged in the financing and promotion of housing and urban infrastructure projects across the country. It is under the administrative control of the Ministry of Housing and Urban Affairs.

Published on July 28, 2022
  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

You May Also Like

Recommended for you