PSU NEWS
HUDCO receives IFC status, shares gains over 1.6%
The amount of additional exposure that the company will get was not disclosed.
State-owned Housing and Urban Development Corporation (HUDCO) Ltd. announced on Thursday that it has received the certificate of registration as an Infrastructure Finance Non-Banking Finance Company (NBFC) from the Reserve Bank of India.
The IFC status allows the company higher exposure limits for financing to various infrastructure sectors in addition to housing, HUDCO said in an exchange filing.
The amount of additional exposure that the company will get was not disclosed.
Read Also : NTPC-NPCIL Joint Venture 'ASHVINI' gets Govt approvalShares of HUDCO ended 1.7% higher on Thursday at Rs 294. The stock has risen 128% so far in 2024 and nearly 300% in the last 12 months.
Read Also : RBI imposes penalty of Rs. 10.4 lakhs on HP Financial ServicesNews Must Read
- Indian Bank raises Rs. 5,000 Crores through issuance of Bonds
- NLCIL plans three fold increase in its total power generation capacity by 2030
- DVC enters into financial collaboration with State Bank of India
- IREDA Signs MoU with SJVN and GMR for 900 MW Hydropower Project in Nepal
- IREDA Signs MoU with SJVN and GMR fo Hydro Project in Nepal
- SJVN CMD visited 1320 MW Buxar Thermal Power Project
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39
- HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD