About Housing and Urban Development Corporation Limited (HUDCO)

Housing and Urban Development Corporation Limited (HUDCO) is a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs, Government of India, incorporated in 1970 to finance housing and urban infrastructure across the country. The company’s core business is providing interest-bearing loans along the entire housing and infrastructure value chain to State Governments, their parastatals (such as Housing Boards, Development Authorities, Urban Local Bodies, Water Supply & Sewerage Boards, Metro Rail Corporations and Police Housing Corporations), and Central/State PSUs, among others. HUDCO’s products include long- and medium-term loans beyond one year, debt refinancing, and special term loans under the Late Payment Surcharge scheme of the Central Government; recent financing has spanned solar and hydro power generation, EV charging infrastructure, and civic infrastructure for capital/township development.

With its head office in New Delhi and operations conducted through HSMI (its research and training arm), 21 Regional Offices and 11 Development Offices, HUDCO serves 28 States and 8 Union Territories.

Housing and Urban Development Corporation Limited Milestones 

Key milestones include the Reserve Bank of India granting HUDCO NBFC–IFC (Infrastructure Finance Company) status in August 2024, and the Board’s in-principle approval on February 7, 2025 to explore infrastructure financing in private and PPP projects focusing on Real Estate, Roads, Energy Transition, Seaports and Airports. In a notable partnership, HUDCO signed an MoU with Vadhavan Port Project Limited to support the Rs. 76,220 crore greenfield deep-draft port at Vadhavan, with potential financial assistance of up to Rs. 25,000 crore .

Housing and Urban Development Corporation Limited’s Business Segments

By vertical: Financial Services – Housing and Urban Infrastructure Finance contributed 98.92% of turnover. 

HUDCO Key Management

• Shri Sanjay Kulshrestha – Chairman & Managing Director
• Shri Muniappa Nagaraj – Director (Corporate Planning)
• Shri Daljeet Singh Khatri – Director (Finance) and Chief Financial Officer
• Shri Vikas Goyal – Company Secretary & Compliance Officer

Latest Updates on Housing and Urban Development Corporation Limited (HUDCO)

• RBI granted HUDCO NBFC–IFC status in August 2024 under the new regulatory framework, strengthening its position in infrastructure finance.
• The Board accorded in-principle approval on February 7, 2025 to expand into private/PPP infrastructure financing in Real Estate, Roads, Energy Transition, Seaports and Airports, alongside development of appraisal and monitoring frameworks.
• HUDCO signed an MoU with Vadhavan Port Project Limited for the all-weather greenfield deep-draft port at Vadhavan, Maharashtra; project cost Rs. 76,220 crore, with HUDCO expected to provide up to Rs. 25,000 crore.
• Credit ratings: Long-term domestic programme rated ‘IND AAA/Stable’, ‘[ICRA] AAA (Stable)’ and ‘CARE AAA; Stable’; short-term rated ‘IND A1+’, ‘[ICRA] A1+’ and ‘CARE A1+’. Internationally, ratings of ‘BBB-’ (Fitch), ‘Baa3’ (Moody’s) and ‘BBB+’ (JCR) carried Stable outlooks as of March 31, 2025.
• HUDCO has been notified to issue Capital Gain Bonds and Zero-Coupon Bonds, expanding its resource-raising instruments.
• Operational initiatives included rollout of integrated IT systems (e-Office and ERP) and recruitment of 66 professionals to build a future-ready workforce.