New Delhi: Housing and Urban Development Corporation Ltd. (HUDCO), a Navratna Non-Banking Financial Company–Infrastructure Finance Company (NBFC-IFC), has achieved an ‘Excellent’ rating for its performance under the Memorandum of Understanding (MoU) signed with the Ministry of Housing and Urban Affairs (MoHUA) for the financial year 2024–25.
The achievement highlights HUDCO’s sustained operational excellence, governance standards and contribution to India’s urban and housing development agenda.
Outstanding MoU Score Sets Sector Benchmark
HUDCO secured an impressive MoU score of 97.90 out of 100, placing it among the top-performing Central Public Sector Enterprises (CPSEs) in the financial sector. The score reflects the corporation’s strong financial discipline, efficient project execution and alignment with national development priorities.
This is the second consecutive year that HUDCO has earned the prestigious ‘Excellent’ MoU rating, underlining its consistent performance and institutional strength.
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Excellence Across Key Performance Parameters
According to the MoU evaluation, HUDCO excelled in 9 out of 12 performance parameters, achieving 100% compliance in several critical areas. These parameters assess various dimensions, including financial performance, operational efficiency, governance practices and social impact.
The results demonstrate HUDCO’s ability to maintain a balanced approach, combining financial robustness with a strong commitment to social responsibility and inclusive development.
Strong Governance and Social Commitment Highlighted
The corporation’s performance reflects its emphasis on transparent governance, operational efficiency, and responsible lending to support housing and urban infrastructure projects across the country. HUDCO’s achievements reaffirm its role as a reliable financial partner for state governments, urban local bodies and development agencies.
CMD Attributes Success to Team Effort and National Vision
Commenting on the achievement, Mr. Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, said the ‘Excellent’ MoU rating reinforces the organisation’s standing as a trusted and high-performing Navratna CPSE.
“This ‘Excellent’ MoU rating reflects our team’s unwavering commitment to excellence, accountability and nation-building. HUDCO remains dedicated to supporting the national vision of a resilient and inclusive urban future through sustainable financing, aligned with the goal of Viksit Bharat,” he said.
Reinforcing HUDCO’s Role in Urban Development
The latest MoU rating further strengthens HUDCO’s position as a key institution in financing housing and urban infrastructure, aligned with the government’s long-term vision of sustainable, inclusive and resilient urban growth.
About HUDCO
Housing and Urban Development Corporation Limited (HUDCO) is a public sector undertaking (PSU) and a government-owned financial institution under the Ministry of Housing and Urban Affairs. It provides financial support for housing and urban infrastructure projects, playing a critical role in promoting affordable housing, urban renewal, and sustainable city development in India.
Read also: HUDCO Raises ₹1,905 Crore at 6.98% Despite Volatile Debt Markets
