New Delhi, October 30 (Udaipur Kiran) — Shares of Housing & Urban Development Corporation (HUDCO) traded higher on Thursday after the company announced the signing of two non-binding Memorandums of Understanding (MoUs) — one with Sagarmala Finance Corporation Ltd (SMFCL) and another with Syama Prasad Mookerjee Port, Kolkata (SMPA) — to explore joint financing opportunities in key infrastructure projects.
The stock was trading at ₹236.80, up by ₹0.75 or 0.32%, compared to its previous close of ₹236.05 on the BSE. It opened at ₹235.15 and touched an intraday high of ₹237.00 and a low of ₹233.30. A total of 1,77,643 shares were traded on the counter. The company’s market capitalization stands at ₹47,084.69 crore.
Over the past year, the scrip has recorded a 52-week high of ₹263.95 (December 17, 2024) and a 52-week low of ₹158.90 (March 3, 2025). The promoters hold 75.00%, while institutional investors and non-institutional investors hold 12.86% and 12.14%, respectively.
Under the first MoU with SMFCL, HUDCO will explore collaboration for joint financing of maritime and coastal infrastructure projects, including ports, harbours, terminals, and associated connectivity infrastructure. The partnership will also cover inland water transport development, renewable and green energy projects in maritime zones, shipbuilding and ship repair infrastructure, and multi-modal logistics development. The estimated cost of these collaborative projects is around ₹80,000 crore over the tenure of the MoU.
The second MoU with SMPA focuses on cooperation for the development, modernization, and upgradation of port and allied infrastructure projects. HUDCO will explore opportunities to fund up to ₹3,000 crore towards new projects and refinancing of existing ones. The collaboration also aims to organize joint workshops and conferences for enhancing institutional capacity and technical expertise.
HUDCO, a leading financial institution in the housing and infrastructure sector, primarily extends loans to state governments and their agencies for social housing, residential real estate, and urban development projects across India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
