Update for investors of

HUDCO

& Urban Development Corporation is currently trading at Rs. 236.80, up by 0.75 points or 0.32% from its previous closing of Rs. 236.05 on the BSE. The scrip opened at Rs. 235.15 and has touched a high and low of Rs. 237.00 and Rs. 233.30 respectively. So far 177643 shares were traded on the counter. Last one week high and low of the scrip stood at Rs. 237.35 and Rs. 224.75 respectively. The current market cap of the company is Rs. 47084.69 crore. Housing and Urban Development Corporation (HUDCO) has signed non-binding Memorandums of Understandings (MoUs) with Sagarmala Finance Corporation (SMFCL) and Syama Prasad Mookerjee Port, Kolkata (SMPA). The company has signed first MoU with SMFCL to explore collaboration for joint financing in the areas such as Maritime and coastal infrastructure projects including ports, harbours, terminals, and associated connectivity infrastructure; Development of Inland Water Transport infrastructure and waterway vessels; Renewable and green energy initiatives in maritime zones; Support for shipbuilding and ship repair infrastructure including modernization of shipyards and dry docks; Development of logistics and multi-modal infrastructure etc. The overall cost estimate for the collaborative projects will be around Rs 80,000 crore during the entire period of MoU. The company has signed second MoU with SMPA for cooperation between SMPA and HUDCO wherein HUDCO shall explore opportunities to collaborate with project implementing agencies selected by SMPA and provide funds up to Rs 3000 crore towards meeting the funding requirements for both new projects and refinancing/ take-out of existing projects. The proposed collaboration aims to cover the development, modernization, and upgradation of port and allied infrastructure Projects of SMPA and organising joint conferences/ workshops for capacity and capability building of both the organisations.