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{{Short description|Indian public sector body}}
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| logo = Housing and Urban Development Corporation logo.svg
| logo = Housing and Urban Development Corporation logo.svg
| logo_size = 150px
| logo_size = 150px
| type = [[Government of India|Government owned]]
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{NSE|HUDCO}}|{{BSE|540530}}}}
| traded_as = {{Unbulleted list|{{NSE|HUDCO}}|{{BSE|540530}}}}
| industry = [[Financial service]]s
| industry = [[Financial service]]s
| foundation = 25 April 1970
| foundation = {{Start date and age|1970|04|25|df=yes}}
| location = [[New Delhi]]
| location = [[New Delhi]]
| key_people = Shiv Das Meena <br />{{small|([[Chairman]] & [[Managing Director|MD]])}}
| key_people = Sanjay Kulshrestha <br />{{small|([[Chairman]] & [[Managing Director|MD]])}}
| products = Infrastructure loan
| 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>
| 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"/>
| 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"/>
| profit = {{Increase}} {{INRConvert|1708.20|c}} (2020)<ref name="Balance Sheet 2020"/>
| assets = {{increase}}{{INRConvert|76125.76|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"/>
| equity = {{increase}} {{INRConvert|12342.26|c}} (2020)<ref name="Balance Sheet 2020"/>
| owner = [[Government of India]] (89.81%)
| owner = [[Government of India]] (74.8%)<ref>{{cite news |title=Govt to sell up to 7% stake in HUDCO via OFS on Oct 18-19, likely to raise ₹1,100 crore |url=https://www.livemint.com/news/govt-to-sell-up-to-7-stake-in-hudco-via-ofs-on-oct-18-19-likely-to-raise-rs-1-100-cr-11697547013294.html |access-date=8 April 2024 |work=www.livemint.com}}</ref>
| num_employees = 827 (March 2019)
| num_employees = 827 (March 2019)
| parent = [[Ministry of Housing and Urban Affairs]] , [[Government of India]]
| parent =  
| homepage = [https://www.hudco.org www.hudco.org]
| homepage = [https://www.hudco.org.in www.hudco.org.in]
}}
}}
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.
The '''Housing and Urban Development Corporation Limited''', abbreviated as '''HUDCO''', is an Indian [[public sector undertaking]] engaged in [[mortgage|housing finance]] and [[Project finance|infrastructure project finance]]. The central government granted Navratna Status to this PSU on 18-April-2024.<ref>{{Cite web |title=HUDCO gets Navratna CPSE Status |date=19 April 2024 |url=https://www.zeebiz.com/markets/stocks/news-hudco-stock-share-price-rises-after-government-grant-navratna-status-to-psu-public-enterprises-ope-285312}}</ref>


==History==
==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>
The institution came into existence on 25 April 1970 as a private limited company under the complete ownership of the [[Government of India]] with an equity base of [[Indian rupee|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=978-0-8213-4462-0|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=https://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 ==
== 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>
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=https://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|language=en-IN|issn=0971-751X}}</ref>


=== Road and Transport ===
=== 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>
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.
 
Airport 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 [[Uttar Pradesh State Road Transport Corporation|UPSRTC]] are also funded by them. HUDCO sanctioned {{currency|100|INR}} [[crore]] 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 {{INR|260}} crores in 2014 for purchasing 1500 buses.<ref>{{Cite news|url=https://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 |language=en-IN|issn=0971-751X}}</ref>


=== Solid Waste Management ===
=== 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>
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|date=31 July 2012 |language=en|access-date=2018-06-07}}</ref>
 
'''<big>Capacity Building and Consultancy Services:</big>''' HUDCO provides planning, designing, and urban development consultancy services and technical assistance to state governments, urban local bodies, and other stakeholders. It also organizes training programs and training workshops for professionals.


=== Sewerage and Drainage ===
HUDCO has sanctioned 58 schemes with a project cost of {{currency|675|INR}} [[crore]] to provide new systems and to augment the existing systems.<ref name="Infra" />
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 ===
=== 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>
295 water supply schemes, with a project cost of {{currency|5285|INR}} [[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 ==
== References ==
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{{Public Sector Undertakings in India}}
{{Public Sector Undertakings in India}}
{{Nifty 200 companies}}{{Financial services in India}}
{{Nifty 200 companies}}
{{Financial services in India}}


{{authority control}}
{{authority control}}
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[[Category:Urban planning in India]]
[[Category:Urban planning in India]]
[[Category:Housing finance companies of India]]
[[Category:Housing finance companies of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Latest revision as of 22:49, 5 February 2026


Housing and Urban Development Corporation
Traded as
IndustryFinancial services
Founded25 April 1970; 56 years ago (1970-04-25)
HeadquartersNew Delhi
Key people
Sanjay Kulshrestha
(Chairman & MD)
ProductsInfrastructure loan
RevenueIncrease ₹7,571.64 crore (US$1.1 billion) (2020) [1]
Increase ₹6,133.36 crore (US$860 million) (2020)[1]
Increase ₹1,708.20 crore (US$240 million) (2020)[1]
Total assetsIncrease ₹76,125.76 crore (US$11 billion) (2020)[1]
Total equityIncrease ₹12,342.26 crore (US$1.7 billion) (2020)[1]
OwnerGovernment of India (74.8%)[2]
Number of employees
827 (March 2019)
Websitewww.hudco.org.in

The Housing and Urban Development Corporation Limited, abbreviated as HUDCO, is an Indian public sector undertaking engaged in housing finance and infrastructure project finance. The central government granted Navratna Status to this PSU on 18-April-2024.[3]

History[edit | edit source]

The institution came into existence on 25 April 1970 as a private limited company under the complete ownership of the Government of India with an equity base of Rs.2 crore under the Companies Act, 1956.[4][5][6]

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.[6]

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.[7] The institution was conferred with miniratna status in 2004.[8][9]

Infrastructure[edit | edit source]

HUDCO started financing for development of infrastructures in 1989.[10] 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.[11]

Road and Transport[edit | edit source]

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.

Airport projects of Cochin International Airport and Calicut International Airport in Kerala are supported by HUDCO.[12] The infrastructure for Kerala State Road Transport Corporation and UPSRTC are also funded by them. HUDCO sanctioned ₹100 crore for KSRTC in 2002 for purchasing 550 buses and 350 mini-buses[13] and ₹260 crores in 2014 for purchasing 1500 buses.[14]

Solid Waste Management[edit | edit source]

In 1994, HUDCO set up a Waste Management Cell for promotion of municipal waste management.[15]

Capacity Building and Consultancy Services: HUDCO provides planning, designing, and urban development consultancy services and technical assistance to state governments, urban local bodies, and other stakeholders. It also organizes training programs and training workshops for professionals.

HUDCO has sanctioned 58 schemes with a project cost of ₹675 crore to provide new systems and to augment the existing systems.[15]

Water Supply[edit | edit source]

295 water supply schemes, with a project cost of ₹5,285 crore was funded by HUDCO.[15] In 2016, HUDCO has also given finance to Nellore's underground drainage project proposed by Nellore Municipal Corporation.[16]

References[edit | edit source]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Balance Sheet 31.03.2020".
  2. ↑ "Govt to sell up to 7% stake in HUDCO via OFS on Oct 18-19, likely to raise ₹1,100 crore". www.livemint.com. Retrieved 8 April 2024.
  3. ↑ "HUDCO gets Navratna CPSE Status". 19 April 2024.
  4. ↑ Turrell, Robin; Unit, World Bank South Asia Regional Office Rural Development Sector; Employment, India Ministry of Urban Affairs and (1999). Urban Water Supply and Sanitation. Allied Publishers. ISBN 978-0-8213-4462-0.
  5. ↑ "History & Certain Corporate Matters-HUDCO". Retrieved 27 May 2018.
  6. ↑ 6.0 6.1 "Public Sector Undertakings-HUDCO" (PDF). Annual Report 2016-2017. Ministry of Housing & Urban Poverty Alleviation. p. 57. Retrieved 27 May 2018.
  7. ↑ "Housing and Urban Development Corporation History | Housing and Urban Development Corporation Information - The Economic Times". economictimes.indiatimes.com. Retrieved 8 June 2018.
  8. ↑ "Mini-ratna status for Hudco". The Hindu Businessline. Retrieved 28 May 2018.
  9. ↑ "Milestones". Housing and Urban Development Corporation. Retrieved 28 May 2018.
  10. ↑ Trends and processes of urbanisation in india. IIED.
  11. ↑ "HUDCO to fund low-cost housing, infra projects". The Hindu. 9 January 2013. ISSN 0971-751X. Retrieved 7 June 2018.
  12. ↑ "Kerala News: Cochin airport to repay Hudco loan". The Hindu. 11 September 2004. Retrieved 7 June 2018.[dead link]
  13. ↑ "Hudco sanctions Rs 100 crore to KSRTC - Times of India". The Times of India. Retrieved 7 June 2018.
  14. ↑ "KSRTC move to mortgage properties to buy buses". The Hindu. 19 August 2014. ISSN 0971-751X. Retrieved 7 June 2018.
  15. ↑ 15.0 15.1 15.2 "HUDCO undertakes several projects in its bid to help preserve the environment". India Today. 31 July 2012. Retrieved 7 June 2018.
  16. ↑ Ravikiran, G. (4 September 2015). "HUDCO to finance Nellore's underground drainage project". The Hindu. Retrieved 7 June 2018.

External links[edit | edit source]

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