HUDCO Secures ‘Excellent’ Rating in MoU Performance

NEW DELHI — Housing and Urban Development Corporation Limited (HUDCO) has achieved an ‘Excellent’ rating in its Memorandum of Understanding (MoU) performance for the financial year 2024-25, according to a company announcement.

The rating was awarded by the Department of Public Enterprises (DPE), Ministry of Finance, based on HUDCO’s operational and financial performance as per government guidelines. HUDCO secured an impressive 97.90 out of 100 marks for its MoU with the Ministry of Housing and Urban Affairs (MoHUA).

Vikas Goyal, Company Secretary and Compliance Officer of HUDCO, conveyed the information to the stock exchanges, highlighting the company’s strong performance across key financial and operational parameters.

HUDCO is a government-owned corporation that plays a significant role in financing and supporting urban development projects across India. This ‘Excellent’ rating reflects the corporation’s commitment to efficiency, transparency, and impactful contributions to urban infrastructure.

The company’s shares are listed on both the BSE (Scrip Code: 540530) and NSE (Scrip Code: HUDCO).