Rs 1,50,000 Crore Infrastructure Projects: President of India-Backed Financial Institution Signs MoU With Madhya Pradesh Urban Development Company Limited

DSIJ Intelligence-2 / 13 Jul 2025/ Categories: Mindshare, Trending

Rs 1,50,000 Crore Infrastructure Projects: President of India-Backed Financial Institution Signs MoU With Madhya Pradesh Urban Development Company Limited

The stock gave multibagger returns of 572 per cent in just 5 years whereas the BSE Sensex Index is up by 123 per cent.

Housing and Urban Development Corporation Limited (HUDCO) and Madhya Pradesh Urban Development Company Limited (MPUDCL) have formally entered into a non-binding Memorandum of Understanding (MoU) on July 11, 2025. The significant agreement was signed in Indore, Madhya Pradesh. Under the terms of this MoU, HUDCO will extend financial assistance amounting to Rs. 1,00,000 Crore (One Lakh Crore) over a period of five years. This substantial investment is designated for a variety of housing and infrastructure projects across the state of Madhya Pradesh. Beyond financial aid, HUDCO is also committed to providing comprehensive consultancy services for the identified projects, along with crucial capacity-building support to ensure their successful execution and implementation. The momentous signing event was graced by the presence of several key dignitaries, including Dr. Mohan Yadav, the Honorable Chief Minister of Madhya Pradesh; Shri Kailash Vijayvargiya, the Honorable Minister of Urban Development and Housing for Madhya Pradesh; and Shri Sanjay Kulshrestha, the Chairman & Managing Director of HUDCO.

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HUDCO's Business Overview

Housing and Urban Development Corporation Limited (HUDCO), incorporated in 1970, is a public sector enterprise primarily engaged in the business of financing housing and urban development activities across India. It provides long-term finance for the construction of houses and for undertaking various urban infrastructure projects. Beyond direct financing, HUDCO also offers consultancy services for project design and planning related to housing and urban development programs, both domestically and internationally. The company's business involves lending to both the housing and urban infrastructure sectors, including projects like roads, airports, railways, metros, and water supply schemes.

The stock gave multibagger returns of 572 per cent in just 5 years whereas the BSE Sensex Index is up by 123 per cent. The stock comes under mid-cap PSU stock.

Disclaimer: The article is for informational purposes only and not investment advice.