Housing and Urban Development Corporation Ltd

The said NCDs would be unsecured, taxable, redeemable, non-convertible and non-cumulative. They bear a face value of Rs 1 lakh each (Series-A 2025). The instrument bears a coupon rate of 6.90% per annum and would be paid annually. The said debentures are redeemable at par at the end of 07th year. Housing & Urban Development Corporation (HUDCO) is primarily engaged in the business of financing housing and urban development activities in the country. As on December 2024, the Government of India held 75% in the company. The company's consolidated net profit jumped 41.6% to Rs 735.03 crore while total income increased 36.9% to Rs 2770.14 crore in Q3 FY25 over Q3 FY24. The scrip fell 1.70% to currently trade at Rs 229.05 on the BSE. Powered by Capital Market - Live

Housing & Urban Development Corporation (HUDCO) announced that the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance has, vide notification dated 17 April 2025, permitted the company to issue 5,00,000 Zero Coupon Bonds with tenure of ten years one month for amount of Rs. 5,000 crore to be paid on maturity. Powered by Capital Market - Live

Housing & Urban Development Corp. will hold a meeting of the Board of Directors of the Company on 23 April 2025.Powered by Capital Market - Live

Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra, on 8 April 2025 at Mumbai. The MoU has been entered to establish a framework for cooperation between HUDCO and MMRDA wherein HUDCO shall explore and provide funds up to Rs.1,50,000 crore over a period of five years for development of infrastructure projects to be implemented by MMRDA in Mumbai Metropolitan Region. Further, HUDCO will also extend Consultancy services and Capacity Building activities to meet the emerging requirements of MMRDA. Powered by Capital Market - Live

The frontline indices traded with robust gains in mid-afternoon trade. The Nifty traded above the 22,600 level. Despite global recession fears, potential US tariffs on Indian goods, and heavy selling in key stocks ahead of earnings season, Indian markets remained resilient. Investor optimism stems from expectations that India will face minimal impact amid global trade tensions. Oil & gas shares advanced after declining in the past three consecutive trading sessions. At 14:30 IST, the barometer index, the S&P BSE Sensex, climbed 1534.92 points or 2.10% to 74,672.82. The Nifty 50 index soared 465.40 points or 2.10% to 22,627. In the broader market, the S&P BSE Mid-Cap index jumped 2.17% and the S&P BSE Small-Cap index surged 2.38%. The market breadth was strong. On the BSE, 3,096 shares rose and 788 shares fell. A total of 134 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 8.43% to 20.87. Buzzing Index: The Nifty Oil & Gas index jumped 2.59% to 10,106.50. The index slumped 6.92% in the past three consecutive trading sessions. Hindustan Petroleum Corporation (up 4.21%), Bharat Petroleum Corporation (up 3.76%), GAIL (India) (up 3.26%), Adani Total Gas (up 2.63%), Oil & Natural Gas Corpn (up 2.54%), Oil India (up 2.33%), Petronet LNG (up 2.19%), Indian Oil Corporation (up 2.02%), Gujarat State Petronet (up 1.42%) and Reliance Industries (up 1.35%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 0.05% to 6.591 as compared with previous close 6.588. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 86.1450, compared with its close of 85.7600 during the previous trading session. MCX Gold futures for 5 June 2025 settlement rose 1.20% to Rs 87,982. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.28% to 103.19. The United States 10-year bond yield gained 0.36% to 4.172. In the commodities market, Brent crude for June 2025 settlement added 16 cents or 0.25% to $64.37 a barrel. Stocks in Spotlight: Housing & Urban Development Corporation (HUDCO) jumped 6.21% after the company announced the signing of a significant Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA). Garden Reach Shipbuilders & Engineers (GRSE) advanced 2.29% after the company entered into a non-binding memorandum of understanding (MoU) with SWAN Defence and Heavy Industries to enhance indigenous commercial shipbuilding capabilities. International Conveyors rallied 3.74% after the company announced that it had acquired 84,620 equity shares of TD Power Systems for Rs 3 crore. Powered by Capital Market - Live

The MoU, inked on 8th April 2025 in Mumbai, aims to lay the foundation for a collaborative partnership between HUDCO and MMRDA. As per the agreement, HUDCO will explore and potentially provide funding of up to Rs 1.5 lakh crore over the next five years for infrastructure development projects to be undertaken by MMRDA across the Mumbai Metropolitan Region (MMR). Beyond financial support, HUDCO will also extend consultancy services and capacity building activities to meet the emerging requirements of MMRDA. HUDCO is primarily engaged in the business of financing housing and urban development activities in the country. As on December 2024, the Government of India held 75% in the company. The company's consolidated net profit jumped 41.6% to Rs 735.03 crore while total income increased 36.9% to Rs 2770.14 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

The Board of Housing and ii. Increase in overall borrowing limit to Rs.2,50,000 crore from existing limit of Rs.1,50,000 crore as earlier approved by shareholders u/s 180(1)(c) of the Companies Act, 2013, subject to the approval of same by Shareholders.Powered by Capital Market - Live

Further, the company's board has also approved an increase in the overall borrowing limit to Rs 2,50,000 crore from existing limit of Rs 1,50,000 crore as earlier approved by shareholders u/s 180(1)(c) of the Companies Act, 2013, subject to the approval of same by Shareholders. HUDCO is a policy institution that provides housing finance and non-commercial urban infrastructure financing. The company's key mission is to support the construction of affordable housing for lower-income households and the development of non-commercial urban infrastructure (including water supply, road and transport, power, and commercial infrastructure). HUDCO conducts its business by balancing profitability with its social mandate. The company's consolidated net profit jumped 41.6% to Rs 735.03 crore in Q3 FY25 as compared with Rs 519.23 crore in Q3 FY24. Total income increased 36.9% YoY to Rs 2770.14 crore in Q3 FY25. The stock declined 3.50% to Rs 202.45 on the BSE.Powered by Capital Market - Live

Housing & Urban Development Corp. will hold a meeting of the Board of Directors of the Company on 4 April 2025.Powered by Capital Market - Live

The Board of Housing and 2. Increase in overall borrowing limit to Rs.2,50,000 Crore from existing limit of Rs.1,50,000 crore as earlier approved by shareholders u/s 180(1)(c) of the Companies Act, 2013, subject to the approval of same by Shareholders. Powered by Capital Market - Live