Latest news with #HUDCO
Business Standard
a day ago
- General
- Business Standard
IPS Academy's School of Architecture Receives Prestigious HUDCO Citation Award at 67th NASA India Convention
PNN Indore (Madhya Pradesh) [India], July 24: Once again bringing pride to the city of Indore at the national level, the School of Architecture (SOA) of IPS Academy has been honored with the prestigious HUDCO Citation Trophy at the 67th NASA India AGBM & Trophy Jury Convention. This recognition stands as a testament to the institution's academic excellence, innovative capabilities, and commitment to social responsibility. HUDCO (Housing and Urban Development Corporation), a premier public sector undertaking under the Government of India, presents this trophy to architecture institutions that demonstrate sensitive, practical, and innovative design solutions in areas like housing, urban development, sustainable design, and social inclusivity. This year, hundreds of leading architecture colleges from across the country competed for the HUDCO Trophy, with IPS Academy, Indore securing the coveted Citation Award. Commenting on this remarkable achievement, Dr. Manita Saxena, Principal of SOA, said, "This is not just a trophy--it reflects the thoughtfulness, dedication, and social awareness of our students. Our students are the future of responsible architecture, capable of recognizing real societal needs and delivering creative solutions." Architect Achal Chaudhary, President of IPS Academy, also congratulated the team on their success, stating, "This honor is a matter of great pride for us. It shows that IPS Academy not only leads in education but is deeply committed to social transformation. Receiving recognition from a platform like HUDCO reinforces the relevance of our academic vision." The contributions of SOA faculty coordinators Ar. Kamini Badnore and Ar. Prateek Ahirwar were highly commendable in guiding the students. Through dedicated mentoring, deep subject knowledge, and consistent support, they played a pivotal role in leading the team to this achievement.
News18
17-07-2025
- Business
- News18
HUDCO plans to raise up to Rs 3,000 cr via issue of debentures
New Delhi, Jul 17 (PTI) Housing and Urban Development Corporation Ltd (HUDCO) on Thursday said it plans to raise up to Rs 3,000 crore through the issuance of non-convertible debentures. In a regulatory filing, HUDCO informed that the 'Bond Allotment Committee' has approved the raising of debentures aggregating up to Rs 3,000 crore. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
17-07-2025
- Business
- Time of India
HUDCO approves Rs 3,000 crore NCD issue on private placement basis
Housing and Urban Development Corporation ( HUDCO ) has announced plans to raise up to Rs 3,000 crore through the issuance of unsecured, taxable, redeemable, non-convertible debentures (NCDs) on a private placement basis. The Bond Allotment Committee, in its meeting held on July 17, 2025, approved the issuance of Series-D 2025 NCDs with a face value of Rs 1,00,000 each. The total issue comprises a base size of Rs 500 crore and a green shoe option of Rs 2,500 crore. Explore courses from Top Institutes in Select a Course Category Digital Marketing Others Artificial Intelligence MBA PGDM Data Science Public Policy Cybersecurity Healthcare healthcare Degree Management Finance Product Management CXO MCA Design Thinking Technology Project Management others Operations Management Data Analytics Leadership Data Science Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crossout 2.0: Supercharged Crossout Play Now Undo The three-year bonds will carry a coupon rate of 6.64%, with interest and principal payments scheduled annually on June 17, 2026, July 17, 2027, and July 17, 2028. The NCDs will be listed on the BSE and will be unsecured and non-cumulative in nature. In Thursday's trade, HUDCO shares declined over 1% to Rs 229.9 on BSE. Also Read: 9 undervalued mid-cap stocks with upside potential of up to 23% Live Events HUDCO Q4 earnings HUDCO posted a 4% year-on-year rise in standalone net profit to Rs 728 crore in Q4FY25, compared to Rs 700 crore in the year-ago period. Revenue from operations surged 38% to Rs 2,845 crore from Rs 2,065 crore in Q4FY24. Sequentially, profit dipped 1% from Rs 735 crore in Q3FY25, while revenue rose 3% from Rs 2,760 crore. For the full FY25, net profit rose 28% to Rs 2,709 crore from Rs 2,117 crore in FY24. Total revenue climbed 32% to Rs 10,311 crore, up from Rs 7,784 crore the previous year. HUDCO's loan book, including Extra Budgetary Resources (EBR), stood at Rs 1,24,828 crore in FY25, up from Rs 92,654 crore in FY24. Yield on loans improved to 9.50% from 9.04%. HUDCO shares: Technical indicators The stock's Relative Strength Index (RSI) stands at 50.4, indicating neutral momentum. The MACD is at -0.2, below the center line, suggesting a bearish bias. HUDCO shares are trading below their 5-day to 50-day simple moving averages but remain above the 100-day, 150-day, and 200-day averages. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4
The Hindu
14-07-2025
- Business
- The Hindu
A.P. govt. to guarantee for ₹1,000-crore loan for developing seven airports
The Andhra Pradesh government on Monday agreed to give guarantee to the Andhra Pradesh Airports Development Corporation Limited (APADCL) for obtaining ₹1,000 crore as loan to undertake the development of airports at Kuppam, Dagadarthi and Srikakulam —for land acquisition and external infrastructure creation— and Amaravati (for external infrastructure), and to extend Viability Gap Funding (VGF) support for airports and clear the urgent pending liabilities of the APADCL. The G.O Ms. No.8 issued by Secretary (Infrastructure & Investment- Airports) N. Yuvaraj said that the government intended to develop eight greenfield airports at Srikakulam, Bhogapuram, Tuni-Annavaram, Tadepalligudem, Ongole, Kuppam, Dagadarthi and Nagarjuna Sagar, besides operationalising the international airport at Bhogapuram, for enhancing air connectivity and supporting regional economic growth. The government also desired to establish a greenfield international airport at Amaravati. In response a proposal made by the APADCL MD in this regard, the government accorded in-principle administrative sanction for ₹1,570.64 crore to acquire land for developing the above airports. It also directed the MD to approach financial institutions for mobilising the funds. Accordingly, the MD submitted that the development of Kuppam, Dagadarthi, Srikakulam and Amaravati airports was being taken up under Phase - 1. It was further mentioned that the Techno-Economic Feasibility Report (TeFR) study has been completed for Kuppam and Dagadarthi airports, while the same is in progress for the remaining two airports. The MD sought 'shortfall government guarantee' for securing ₹1,000 crore loan from the HUDCO for developing the airports.
Business Upturn
14-07-2025
- Business
- Business Upturn
HUDCO to consider Rs 3,000 crore fundraise on July 17
By Aditya Bhagchandani Published on July 14, 2025, 12:27 IST Housing and Urban Development Corporation Limited (HUDCO) announced on Monday that its Bond Allotment Committee will meet on July 17, 2025, to approve the issuance and allotment of unsecured, taxable, redeemable, non-convertible debentures (NCDs) worth up to ₹3,000 crore on a private placement basis. In a regulatory filing to the NSE and BSE dated July 14, 2025, the Navratna CPSE stated that this issuance is part of its broader board-approved plan to raise up to ₹65,000 crore through bonds/debentures in FY2025-26. The proposed Series-D 2025 NCDs will carry a face value of ₹1,00,000 per debenture and will have a tenure of three years, maturing on July 17, 2028. According to the term sheet, the NCDs are unsecured senior debt instruments, with a fixed coupon to be paid annually. The proceeds from the issue will be used to augment HUDCO's long-term resources for lending, repayment/refinancing of existing debt, and other operational purposes in the ordinary course of business. The NCDs are proposed to be listed on the BSE within three trading days of the issue closing, and the issuer has already secured credit ratings of [ICRA] AAA (Stable), CARE AAA (Stable), and IND AAA (Stable) from major rating agencies. The eligible investors include mutual funds, banks, insurance companies, provident funds, pension funds, corporates, and certain foreign institutional investors, among others. The private placement bidding is scheduled to open and close on July 15, 2025, with settlement on July 17, 2025. The minimum application size is ₹1 crore (100 NCDs), and the company also retains the green-shoe option to retain oversubscription up to ₹2,500 crore. HUDCO's filing emphasized that the funds raised will not be earmarked for any specific project but will support its general business operations and strategic objectives. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
