Misplaced Pages

Housing and Urban Development Corporation

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
(Redirected from Housing and Urban Development Corporation Limited) Indian public sector body

Housing and Urban Development Corporation
Company typePublic
Traded as
IndustryFinancial services
Founded25 April 1970; 54 years ago (1970-04-25)
HeadquartersNew Delhi
Key peopleSanjay Kulshrestha
(Chairman & MD)
ProductsInfrastructure loan
RevenueIncrease ₹7,571.64 crore (US$910 million) (2020)
Operating incomeIncrease ₹6,133.36 crore (US$730 million) (2020)
Net incomeIncrease ₹1,708.20 crore (US$200 million) (2020)
Total assetsIncrease ₹76,125.76 crore (US$9.1 billion) (2020)
Total equityIncrease ₹12,342.26 crore (US$1.5 billion) (2020)
OwnerGovernment of India (74.8%)
Number of employees827 (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 Govt Grants Navratna Status to PSU on 18-April-2024.

History

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.

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.

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. The institution was conferred with miniratna status in 2004.

Infrastructure

HUDCO started financing for development of infrastructures in 1989. 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.

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.

Airport projects of Cochin International Airport and Calicut International Airport in Kerala are supported by HUDCO. 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 and ₹260 crores in 2014 for purchasing 1500 buses.

Solid Waste Management

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

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.

Water Supply

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

References

  1. ^ "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. ^ "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.
  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. ^ "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

Public sector undertakings in India (list)
Maharatna
Energy
Financial services
Defence
Engineering
Metals
Navratna
Defence
Energy & metals
EPC
Logistics
Telecommunications
Miniratna-I
Energy, metals
& mining
Defence & space
Media & telecom
Logistics & transport
EPC & infrastructure
Trading
Tourism & hospitality
Agriculture
Other
Miniratna-II
Finance
Banks
Insurance
Agriculture
General
Life
Health
Reinsurance
State govt.
enterprises
Other
l - liquidated
Information updated as of January, 2020 by Department of Public Enterprises • See also Public sector banks in India
India NIFTY 200 companies
NIFTY
200
NIFTY
100
NIFTY
50
NIFTY
Next 50
Financial services in India
Banking
Commercial
banking
Scheduled
banks
Commercial
Private
PSBs
Foreign
Branches
Subsidiaries
RRBs
Cooperative
Uttar Pradesh
Niche
banks
SFBs
Payments
banks
Surrendered licencees
Wound up
Defunct
banks
Merged
PSB
SBI
Rescued
Acquired
PSB
Wound up
Failed
Liquidated
Networks
Interbank networks
ATM networks
Financial
technology
Online transfers
Cards
Payment service
Digital wallets
Other
Protocol
Investment
banking
Institutions
Asset management
Hedge funds
  • True Beacon
Mutual funds
InvITs
REITs
Other
Telecom
Energy
Roads
Insurance
Companies
Agriculture
General
Private
Govt
Life
Reinsurance
Repository
Policy
Other
Financial markets
Stock
exchanges
Functional
BSE
NSE
Other
De-recognized
Commodity
exchanges
Brokerages
Online
Other
Depositories
Rating
agencies
For companies
For individuals
Financial
crime
Events
People
Other
Alternative financial services
Digital lending
Housing finance
Chit funds
Microfinance
Other
Angel investment, venture capital & private equity
Angel investments
Venture capital
Private equity
Legislation & regulation
Banking
Authorities
& boards
Central bank
Other
Legislation
In force
Repealed
Asset
management
Legislation
  • The Unit Trust of India Act, 1963
  • Indian Registration Act, 1908
Other regulations
  • SEBI (Mutual Funds) Regulations, 1993
Insurance
Authorities & boards
  • IRDAI
  • Insurance Association of India
    • Life Insurance Council
    • General Insurance Council
Legislation
In force
RepealedThe British Insurance Act, 1870
Financial
markets
Authorities & boards
Legislation
In force
  • SEBI, Act 1992
  • Forward Contracts (Regulation) Act, 1952
  • The Securities Contracts (Regulation) Act, 1956
Alternative
financial
services
Authorities & boards
Legislation
Microfinance
  • Tamil Nadu Money-Lenders Act, 1957
  • The Bombay Money-Lenders Act, 1946
  • The Karnataka Money-Lenders Act, 1961
  • The Kerala Money-Lenders Act, 1958
  • Bengal Money-Lenders Act, 1940
  • The Rajasthan Money-Lenders Act, 1963
Other
  • Multi-State Cooperative Legislation Act, 2002
  • Mutually Aided Cooperative Acts
  • The National Housing Bank Act, 1987
  • The Chit Funds Act, 1982
Alternative
investment
funds
Authorities & boards
  • Indian Association of Alternative Investment Funds (IAAIF)
Legislation
Regulations
  • SEBI (Venture Capital Funds) Regulations, 1996
  • SEBI AIF Regulations, 2012
  • SEBI (Investment Advisers) Regulations 2013
Categories: