HUDCO and IIFCL signed MoU for restructuring infrastructure financing
The aim is to leverage respective strengths for extending Infrastructure CoFinancing, Refinancing, Project Management Consultancy Services and Capacity Building activities, subject to compliance with their respective mandates and policies.
Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Limited (IIFCL), a company wholly owned by the Government of India, to reinforce cooperation and collaboration to leverage respective strengths for extending Infrastructure CoFinancing, Refinancing, Project Management Consultancy Services, and Capacity Building activities, subject to compliance with their respective mandates and policies.
The MoU was executed by Shri Sanjay Kulshrestha, CMD, HUDCO, and Dr. Padmanabhan Raja Jaishankar, Managing Director, IIFCL in the presence of the Senior Officials of both the CPSEs including Shri M. Nagaraj, Director (Corporate Planning) of HUDCO and Shri Pawan K. Kumar, Deputy Managing Director of IIFCL.
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