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An update from Housing & Urban Development Corp. Ltd. ( (IN:HUDCO) ) is now available.
Housing & Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) to explore collaboration in infrastructure development, financing, and refinancing of port infrastructure at JN Port. This agreement aims to establish cooperation between the parties for potential project financing related to port development and allied infrastructure, with an estimated investment of Rs. 5,000 crore. The MoU serves as a non-binding framework for future collaboration, indicating a strategic move by HUDCO to expand its operations into port infrastructure, potentially impacting its market positioning and offering new opportunities for stakeholders.
More about Housing & Urban Development Corp. Ltd.
Housing & Urban Development Corporation Limited (HUDCO) operates in the housing and urban development sector, focusing on providing long-term finance for the construction of houses and urban infrastructure projects. The company is a government-owned enterprise, playing a significant role in the development of housing and infrastructure in India.
Average Trading Volume: 343,528
Technical Sentiment Signal: Strong Buy
Current Market Cap: 454.1B INR
For an in-depth examination of HUDCO stock, go to TipRanks’ Overview page.