HUDCO also reported its highest-ever H1 loan disbursements, reaching Rs 25,838 crore, up from Rs 21,699 crore in H1FY25.
RBI monetary policy norms for easier infrastructure financing push NBFC stocks up.
HUDCO will also extend consultancy services as well as undertake capacity building activities to meet the emerging requirements of NMRDA.
Hudco said for the past 10 quarters, the lender has not recorded new NPAs and is moving towards being a 'zero NPA company', with net NPA down to slightly less than 0.1 percent.
The board of HUDCO will consider to increase its overall borrowing limit to Rs 2.5 lakh crore from the current Rs 1.5 lakh crore on April 4.
The agreement was signed in the presence of Chief Minister N Chandrababu Naidu at his residence in Undavalli of Guntur district.
Shares of Can Fin Homes Ltd declined 3.4 percent, touching a fresh 52-week low of Rs 638.25 on the NSE amid investor concerns over subdued policy support for the housing finance sector.
NBCC has an order book of around Rs 84,000 crore, and the company is targetting to take it to Rs 1 lakh crore by the end of this financial year.
Concerns regarding infrastructure project cancelation after the government change are behind us, said Elara Securities
Here is a curated list of 5 stocks combining strong sectoral and company-specific advantages, earning them spots in Diwali brokerage picks.
Including IREDA and HUDCO under Section 54EC of I-T Act would allow tax exemptions for investors on capital gains by investing in designated bonds
Shares of HUDCO surged by up to 10 percent, breaking a five-day losing streak, as trading volumes spiked significantly on BSE and NSE.
Housing and Urban Development Corporation provides financial assistance for housing and urban infrastructure projects.
Hudco is currently analyzing PPP models where cash flows are secured through regulatory arrangements, such as power energy projects. The company has successfully reduced its net Non-Performing Assets (NPA) ratio to 0.36%, a benchmark few financial institutions achieve.