Housing and Urban Development Corporation Ltd (HUDCO), a leading public sector enterprise in the housing and urban infrastructure sector, is set to make key financial decisions for the upcoming fiscal year. The company's board of directors will meet on April 4 to discuss and approve an increase in the borrowing limit to ₹2.5 lakh crore from the current ₹1.5 lakh crore. Additionally, the board will consider an annual resource plan of up to ₹65,000 crore for the financial year 2026, based on the actual fund requirements.

HUDCO's Expanding Financial Strategy

HUDCO has been actively involved in financing various housing and urban infrastructure projects across India. Last week, the company entered into a loan agreement with Andhra Pradesh Capital Region Development Authority (APCRDA) for ₹11,000 crore. This move signifies HUDCO’s increasing focus on state-backed urban development projects.

In a recent announcement, Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, highlighted the company’s growth trajectory and financial expansion plans. He stated, “Given the opportunities in the housing and urban infrastructure sector, we anticipate an upward revision in our targets for FY26. The board will take a final call on this in the first quarter of the upcoming fiscal year.”

HUDCO’s Loan Book Target and Market Performance

HUDCO aims to expand its loan book to ₹1.5 lakh crore by FY26, surpassing its current fiscal target of ₹1.2 lakh crore. The company’s strategic focus on urban infrastructure and housing finance is driving its growth, and the proposed borrowing plan will further support its expansion.

On the stock market front, HUDCO shares rose by 0.9% to ₹202.07 on March 28, reflecting strong investor confidence. Over the past month, the stock has gained 22.36%, signaling positive market sentiment towards the company’s growth plans.

Shareholder Approval and Future Outlook

The proposed borrowing limit increase and annual resource plan will be subject to shareholder approval. The board’s decision on April 4 will play a crucial role in determining HUDCO’s financial outlook for the coming years. With a robust pipeline of housing and urban infrastructure projects, the company is poised for significant expansion.

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