New Delhi: The Housing and Urban Development Corporation Ltd. (HUDCO) has signed its annual Memorandum of Understanding (MoU) with the Ministry of Housing and Urban Affairs (MoHUA) for the financial year 2025-26, setting out strategic performance parameters aimed at promoting sustainable urban development.
The MoU was executed in both digital and physical formats, underscoring HUDCO’s hybrid and adaptive governance approach.
Focus on Financial and Non-Financial Excellence
The MoU outlines key performance metrics, including:
- Financial ratios
- Non-financial indicators such as:
- Procurement through Government e-Marketplace (GeM)
- Support to Micro and Small Enterprises (MSEs)
- Corporate Social Responsibility (CSR) expenditure
These targets are aligned with the ‘Excellent’ benchmarks finalized by the Department of Public Enterprises (DPE), Ministry of Finance.
Signing Ceremony Attended by Senior Officials
The MoU was signed between:
- Mr Srinivas Katikithala, Secretary, MoHUA
- Mr Sanjay Kulshrestha, Chairman & Managing Director, HUDCO
- Also present at the ceremony were:
- Ms. Roopa Mishra, Joint Secretary & Mission Director (SBM-U), MoHUA
- Mr Sanjeet, Joint Secretary & Financial Advisor, MoHUA
- Mr M. Nagaraj, Director (Corporate Planning), HUDCO
- Mr Daljeet Singh Khatri, Director (Finance), HUDCO
This strategic annual MoU plays a critical role in aligning HUDCO’s institutional goals with national urban development priorities.
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About HUDCO
Housing and Urban Development Corporation Ltd. (HUDCO) is a Government of India-owned public sector enterprise under the Ministry of Housing and Urban Affairs (MoHUA). Established in 1970, HUDCO primarily focuses on financing housing and urban infrastructure development projects across India.
