Shares of Housing and City Growth Corp Ltd (HUDCO) traded flat on ninth September after touching a day’s excessive of Rs 220.84, following the corporate’s announcement that it had signed a memorandum of understanding (MoU) with the Nagpur Metropolitan Area Growth Authority (NMRDA), Maharashtra, in Mumbai.
HUDCO has signed a non-binding MoU with the Nagpur Metropolitan Area Growth Authority (NMRDA) to help land acquisition, housing, and infrastructure tasks within the Nagpur area.
As a part of the settlement, HUDCO will discover funding of as much as Rs 11,300 crore over 5 years. The funds will go in the direction of main growth tasks, and HUDCO may even supply consultancy and capacity-building help to satisfy NMRDA’s wants.
The MoU was signed in Mumbai within the presence of Maharashtra CM Devendra Fadnavis, Deputy CM Eknath Shinde, and HUDCO CMD Sanjay Kulshrestha, together with different dignitaries.
On the monetary facet, HUDCO’s Q1 internet revenue rose 13% to Rs 630.2 crore from Rs 558 crore final 12 months, whereas internet curiosity revenue grew 32% to Rs 961 crore.
The corporate’s asset high quality improved, with gross NPA falling to 1.34% from 1.67% in March and internet NPA dropping to 0.09% from 0.25%, helped by the decision of a giant NPA account value Rs 277.68 crore.
In its enterprise replace, HUDCO mentioned mortgage sanctions greater than doubled, up 143% year-over-year to Rs 34,224 crore, although mortgage disbursements stayed flat at Rs 12,812 crore.
At 12:24 PM, the shares of HUDCO had been buying and selling 0.76% decrease at Rs 215.42 on NSE.
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这篇文章更新了HUDCO与NMRDA签署的MoU协议，但我觉得缺少对协议细节的深入分析。希望后续能有更多关于HUDCO如何利用这笔资金以及合作项目进展的报道，这对投资者决策更有帮助。