HUDCO and Government of Rajasthan sign MoU for infrastructure project
The shares of the HUDCO are surged by 2.41% at Rs 314.70.
Housing and Urban Development Corporation Limited (HUDCO) has signed a non-binding Memorandum of Understanding (MoU) with the Government of Rajasthan through its Department of Finance, on 24th July 2024 at Jaipur, Rajasthan.
The shares of HUDCO have surged by 2.41% to Rs 314.70.
The MoU is an in-principle arrangement between the parties to provide financial assistance for housing and urban infrastructure projects in the State of Rajasthan to the extent of Rs. 1,00,000.00 Crore (for the next 5 years), subject to mutually agreed terms and conditions.
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The MoU was executed by Shri Sanjay Kulshrestha, CMD, HUDCO and Shri Debasish Prusty, IAS, Secretary to Government, Finance (Budget) Department, Rajasthan in the presence of Shri Bhajan Lal Sharma, Hon’ble Chief Minister, Rajasthan.
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