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{{EngvarB|date=February 2017}}
{{Use dmy dates|date=February 2017}}
{{Infobox company
| name = Housing and Urban Development Corporation
| logo = Housing and Urban Development Corporation logo.svg
| logo_size = 150px
| type = [[Government of India|Government owned]]
| traded_as = {{Unbulleted list|{{NSE|HUDCO}}|{{BSE|540530}}}}
| industry = [[Financial service]]s
| foundation = 25 April 1970
| location = [[New Delhi]]
| key_people = Shiv Das Meena <br />{{small|([[Chairman]] & [[Managing Director|MD]])}}
| products = Infrastructure loan
| revenue = {{Increase}}{{INRConvert|7571.64|c}} (2020) <ref name="Balance Sheet 2020">[https://www.hudco.org//writereaddata/finres310320.pdf "Balance Sheet 31.03.2020"].</ref>
| operating_income = {{Increase}}{{INRConvert|6133.36|c}} (2020)<ref name="Balance Sheet 2020"/>
| profit = {{Increase}}{{INRConvert|1708.20|c}} (2020)<ref name="Balance Sheet 2020"/>
| assets = {{increase}}{{INRConvert|76125.76|c}} (2020)<ref name="Balance Sheet 2020"/>
| equity = {{increase}}{{INRConvert|12342.26|c}} (2020)<ref name="Balance Sheet 2020"/>
| owner = [[Government of India]] (89.81%)
| num_employees = 827 (March 2019)
| parent = [[Ministry of Housing and Urban Affairs]] , [[Government of India]]
| homepage = [https://www.hudco.org www.hudco.org]
}}
The '''Housing and Urban Development Corporation Limited''' ('''HUDCO''') is a [[Government of India|government-owned corporation]] under the [[jurisdiction]] of [[Ministry of Housing and Urban Affairs]] , [[Government of India]] in India. One of the [[Government of India|Government Corporation]]s (GC), it is listed Company on NSE and BSE with major shareholding of Government of India holding (89.81%) and is under the administrative control of the Ministry of Housing and Urban Affairs.

==History==
This institution was came into existence on 25, April, 1970 as a private limited company under the complete ownership of Indian Government with an equity base of Rs. 2 crore under the Companies Act, 1956.<ref>{{Cite book|url=https://books.google.com/books?id=lj1UVcDDM-kC&q=hudco+started&pg=PA10|title=Urban Water Supply and Sanitation|last1=Turrell|first1=Robin|last2=Unit|first2=World Bank South Asia Regional Office Rural Development Sector|last3=Employment|first3=India Ministry of Urban Affairs and|date=1999|publisher=Allied Publishers|isbn=9780821344620|language=en}}</ref><ref name="Hudcosite">{{cite web|url=https://www.hudco.org//Site/FormTemplete/frmTemp1PLargeTC1C.aspx?MnId=19&ParentID=6|title=History & Certain Corporate Matters-HUDCO|access-date=27 May 2018}}</ref><ref name="MinistryAR">{{cite web|url=http://mohua.gov.in/upload/uploadfiles/files/1Ministry_HUPA_Annual_Report_2016_17_English_small%242017Mar17170100.pdf|title=Public Sector Undertakings-HUDCO|publisher=Ministry of Housing & Urban Poverty Alleviation|work=Annual Report 2016-2017|access-date=27 May 2018|pages=57}}</ref> It was created against the backdrop of housing deficit in India in 1960s and 70s, with the objective of addressing issue of housing finance and playing role in urban infrastructure development.<ref name="MinistryAR" /> The organisation provides finance for setting up of new towns and also works as consultancy services for the projects of designing and planning relating to Housing and Urban Development programs in India as well as abroad. HUDCO won [[UN-Habitat Scroll of Honour Award]] for the contributions to the development of housing in 1991.<ref>{{Cite web|url=https://economictimes.indiatimes.com/housing-and-urban-development-corporation-ltd/infocompanyhistory/companyid-4516.cms|title=Housing and Urban Development Corporation History {{!}} Housing and Urban Development Corporation Information - The Economic Times|website=economictimes.indiatimes.com|access-date=2018-06-08}}</ref> The institution was conferred with [[miniratna]] status in 2004.<ref>{{cite web|url=https://www.thehindubusinessline.com/2004/09/01/stories/2004090102120800.htm|title=Mini-ratna status for Hudco|publisher=The Hindu Businessline|access-date=28 May 2018}}</ref><ref>{{cite web|url=https://hudco.org/Site/FormTemplete/frmTemp1PLargeTC1C.aspx?MnId=126&ParentID=6|publisher=Housing and Urban Development Corporation|title=Milestones|access-date=28 May 2018}}</ref>

== Infrastructure ==
HUDCO started financing for development of infrastructures in 1989.<ref>{{Cite book|url=https://books.google.com/books?id=wVHu1souvqYC&q=hudco+funded+infrastructure&pg=PA40|title=Trends and processes of urbanisation in india|publisher=IIED|language=en}}</ref> The priority was giving for infrastructure facilities including projects in the sectors of drainage, electricity, water supply, sewerage, solid waste management and roads in the urban areas. Later the social infrastructure components like primary schools and play grounds, hostels for working women, healthcare centres, police stations and jails, courts, etc. received benefit of funding for low cost.<ref>{{Cite news|url=http://www.thehindu.com/business/Industry/hudco-to-fund-lowcost-housing-infra-projects/article4290812.ece|title=HUDCO to fund low-cost housing, infra projects|date=2013-01-09|work=The Hindu|access-date=2018-06-07|others=Special Correspondent|language=en-IN|issn=0971-751X}}</ref>

=== Road and Transport ===
HUDCO has provided term loans for construction of roads and other transportation sectors which includes construction of Airport, Railways, Ports, Metro Rails, Bridges and Flyover, Railway Over-bridges, Subways, Bypasses, Bus Terminal, Parking complexes, Purchase of public transport vehicles, Bus Stops/stations, Intelligent Traffic Management system etc. Airports projects of [[Cochin International Airport]] and [[Calicut International Airport]] in Kerala are supported by HUDCO.<ref>{{Cite web|url=http://www.thehindu.com/2004/09/11/stories/2004091106820700.htm|website=[[The Hindu]]|title=Kerala News : Cochin airport to repay Hudco loan|date=2004-09-11|access-date=2018-06-07}}{{dead link|date=April 2021|bot=medic}}{{cbignore|bot=medic}}</ref> The infrastructure for [[Kerala State Road Transport Corporation]] and UPSRTC are also funded by them. HUDCO sanctioned 100 crore rupees for KSRTC in 2002 for purchasing 550 buses and 350 mini-buses<ref>{{Cite news|url=https://timesofindia.indiatimes.com/city/thiruvananthapuram/Hudco-sanctions-Rs-100-crore-to-KSRTC/articleshow/31992722.cms|title=Hudco sanctions Rs 100 crore to KSRTC - Times of India|work=The Times of India|access-date=2018-06-07}}</ref> and 260 crores in 2014 for purchasing 1500 buses.<ref>{{Cite news|url=http://www.thehindu.com/todays-paper/tp-national/tp-kerala/ksrtc-move-to-mortgage-properties-to-buy-buses/article6330571.ece|title=KSRTC move to mortgage properties to buy buses|date=2014-08-19|work=The Hindu|access-date=2018-06-07|others=Special Correspondent, Special Correspondent|language=en-IN|issn=0971-751X}}</ref>

=== Solid Waste Management ===
In 1994 HUDCO set up a Waste Management Cell for promotion of municipal waste management.<ref name="Infra">{{Cite web|url=https://www.indiatoday.in/magazine/environment/story/19990510-hudco-undertakes-several-projects-in-its-bid-to-help-preserve-the-environment-762355-2012-07-31|title=HUDCO undertakes several projects in its bid to help preserve the environment|website=India Today|language=en|access-date=2018-06-07}}</ref>

=== Sewerage and Drainage ===
HUDCO has sanctioned 58 schemes with a project cost of Rs 675 crore to provide new systems and to augment the existing systems.<ref name="Infra" />

=== Water Supply ===
295 water supply schemes, with a project cost of Rs 5,285 crore was funded by HUDCO.<ref name="Infra" /> In 2016 HUDCO has also given finance to Nellore's underground drainage project proposed by [[Nellore Municipal Corporation]].<ref>{{Cite news|url=http://www.gkguide.in/news/national/andhra-pradesh/nellores-underground-drainage-project-gets-moving-at-last/article7615977.ece|title=HUDCO to finance Nellore's underground drainage project|last=Ravikiran|first=G.|date=2015-09-04|work=The Hindu|access-date=2018-06-07|language=en-IN}}</ref>

== References ==
{{reflist}}

==External links==
* [https://www.hudco.org Hudco Official Website]

{{Public Sector Undertakings in India}}
{{Nifty 200 companies}}{{Financial services in India}}

{{authority control}}

[[Category:1970 establishments in Delhi]]
[[Category:Financial services companies established in 1970]]
[[Category:Government-owned companies of India]]
[[Category:Companies based in New Delhi]]
[[Category:Urban planning in India]]
[[Category:Housing finance companies of India]]

Housing and Urban Development Corporation - Revision history

SheenaBayles: added references

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