Gujarat: The Housing and Urban Development Corporation Limited (HUDCO) has entered into a major Memorandum of Understanding (MoU) with the Government of Gujarat, committing financial assistance of up to ₹1,00,000 crore over the next two years to accelerate infrastructure development across the state.
The agreement, signed on June 17, 2026, in Gandhinagar, is aimed at strengthening Gujarat’s infrastructure ecosystem and supporting large-scale development projects that can drive long-term economic growth.
Strategic MoU Signed in Gandhinagar
The MoU was formally signed between the Finance Department, Government of Gujarat, and HUDCO. The state government was represented by Sandeep Kumar, IAS, Secretary (Economic Affairs), while HUDCO was represented by its Chairman and Managing Director, Sanjay Kulshrestha.
This strategic partnership highlights a coordinated effort between the state and the public sector lender to fast-track infrastructure financing in Gujarat.
₹1 Lakh Crore Funding Support for Key Projects
Under the agreement, HUDCO will provide financial assistance of up to ₹1 lakh crore over a period of two years. The funds will be allocated to identified infrastructure projects in accordance with HUDCO’s lending norms and guidelines.
The financing is expected to support a wide range of sectors, including:
- Urban infrastructure development
- Transportation projects
- Water supply systems
- Housing initiatives
- Other critical public infrastructure works
Officials stated that the initiative will play a key role in boosting Gujarat’s economic development and enhancing its investment attractiveness.
Flexible Financing Terms and Project Support
HUDCO has stated that it will extend funding on flexible terms, which may include:
- Moratorium periods
- Customized repayment structures
- Time-bound financing solutions
Additionally, the Government of Gujarat will facilitate necessary approvals, permissions, registrations, and clearances from relevant departments to ensure smooth execution of infrastructure projects.
Two-Year Validity of the Agreement
The MoU will remain valid for a period of two years, starting from May 2026. During this time, HUDCO aims to actively finance multiple infrastructure projects across Gujarat, supporting the state’s long-term development vision.
Strengthening Gujarat’s Infrastructure Growth Vision
The partnership is expected to significantly strengthen Gujarat’s infrastructure pipeline and support its ambition to expand urban and economic capacity. Analysts believe that the large-scale funding commitment could accelerate project implementation and improve connectivity, public utilities, and urban services across the state.
HUDCO Updates Registrar and Share Transfer Agent
In a separate corporate update, HUDCO has also signed a tripartite agreement to change its Registrar & Share Transfer Agent (RTA). The company will transition from Alankit Assignments Limited to Beetal Financial & Computer Services (P) Limited.
The agreement was executed on June 4, 2026, under Regulation 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This change follows earlier communications issued by the company on February 7, 2025, February 28, 2025, and April 26, 2025. The new RTA will now be responsible for managing shareholder records, transfers, and related services.
About HUDCO
Housing and Urban Development Corporation Limited is a public sector enterprise engaged in financing and promoting housing and urban infrastructure projects across India. The organization plays a key role in supporting state governments and urban local bodies through long-term funding solutions for sustainable infrastructure development.
Read also: HUDCO Hosts Workshop with World Bank and PPIAF to Boost Urban Infrastructure Investment in India
