JKB Financial Services Ltd.

As on : 08-Jan-2026

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08-Jan-2026 09:58

HUDCO signs MoU with Chhattisgarh government

Under the non-binding MoU, HUDCO may extend financial assistance of up to Rs 20,000 crore per year, aggregating to Rs 1 lakh crore over the five-year period. Of the proposed outlay, infrastructure projects account for the largest share at Rs 70,000 crore, covering both core and non-core segments such as water supply, sewerage, drainage, roads, electricity, smart cities, metro rail projects, airports, industrial parks, social and commercial infrastructure, educational institutions, hospitals, logistics hubs, IT infrastructure, civil aviation, mining institutions, and rural infrastructure.

The agreement is effective from the date of signing and will remain valid until the end of FY2030, with a provision for extension. It is an in-principle arrangement, with funding for individual projects subject to HUDCO's due diligence and mutually agreed terms and conditions.

Housing & Urban Development Corporation (HUDCO) is primarily engaged in the business of financing housing and urban development activities in the country.

The company had recorded a 3.08% rise in consolidated net profit to Rs 709.83 crore on a 27.85% increase in revenue to Rs 3,219.03 crore in Q2 FY26 as compared with Q2 FY25.

Shares of Housing & Urban Development Corporation shed 0.66% to Rs 225.30 on the BSE.

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