Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding with the National Institute of Urban Affairs (NIUA) to deepen cooperation across urban infrastructure and development initiatives.
The non-binding MoU, signed on November 24, outlines collaboration on programme development, research, monitoring and evaluation, and capacity-building activities, according to the company’s filing.
The two institutions also plan to explore partnerships with multi-lateral funding agencies and other financing avenues for future urban projects. The MoU was signed by M Nagaraj, Director (Corporate Planning) at HUDCO, and Dr Debolina Kundu of NIUA.
Ahead of the announcement, shares of HUDCO closed at ₹228.15, down 0.81% on Monday.
Earlier this month, on 10 November, HUDCO reported a 3% year-on-year rise in quarterly net profit to ₹709.8 crore, compared with ₹688.6 crore a year earlier. Net interest income saw a strong expansion of 31.8%, increasing to ₹1,050 crore from ₹797 crore in Q2 FY25, signalling firm traction in its core lending operations. The company also posted a half-yearly profit of ₹1,340.06 crore, up 7.51% from the previous year.
Also Read: HUDCO Q2 Results | Net profit up 3% on 32% jump in NII; declares dividend
During the half-year ended September 2025, sanctions grew 21.59% to ₹92,985 crore, while HUDCO recorded its highest-ever half-yearly disbursement at ₹25,838 crore.
The loan book expanded sharply to a record ₹1,44,554 crore, marking a 30% increase year-on-year. Operational income also maintained strong momentum, rising 30.81% to ₹6,156.34 crore, underscoring the continued scale-up of its financing activities.
