Shares of Housing and Urban Development Corp Ltd (HUDCO) are trading flat after hitting the day’s high of Rs 191.18 on 18th March, following the company’s announcement of executing a loan agreement worth Rs 11,000 crore with the Andhra Pradesh Capital Region Development Authority (APCRDA).

HUDCO’s board approved a Rs 11,000 crore term loan for APCRDA on 22nd January 2025 to support the development of Amaravati.

The loan agreement was executed on 16th March, and HUDCO clarified that such agreements are routine and do not require disclosure under SEBI regulations.

HUDCO, as an infrastructure finance company, regularly provides loans to various agencies as part of its business operations.

Last week, HUDCO announced a second interim dividend of Rs 1.05 per share for the current financial year.

The company plans to grow its loan book to Rs 1.5 lakh crore in FY26, exceeding its Rs 1.2 lakh crore target for the current fiscal.

Chairman and MD Sanjay Kulshrestha highlighted strong growth potential in housing and urban infrastructure, with the government allocating Rs 97,000 crore for urban development, including metro and housing projects.

At 11:20 AM, the shares of HUDCO were trading 0.26% lower at Rs 187.59 on NSE.

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