HUDCO in talks with global lenders to raise US$ 1 billion

19 Nov 2025 CW Team

State-owned infrastructure financier Housing and Urban Development Corporation (HUDCO) is in advanced discussions with global development institutions to raise around USD 1 billion by March, according to Chairman and Managing Director Sanjay Kulshreshta. He said HUDCO is negotiating with Germany’s KfW for about USD 200 million, while talks are also under way with the Asian Development Bank for roughly USD 500 million and with the Asian Infrastructure Investment Bank for USD 200–300 million.

The funds will be used for on-lending to infrastructure projects across India, enabling HUDCO to diversify its borrowing sources and reduce the overall cost of funds. Kulshreshta added that HUDCO has been authorised to issue tax-saving capital gain bonds under Section 54EC of the Income-tax Act and has already mobilised Rs 500 million, with a target to raise an additional Rs 1500 million this financial year.

On asset quality, HUDCO’s gross NPAs fell to 1.21 per cent by the end of September 2025, down from 2.04 per cent a year earlier. Net NPAs declined to 0.07 per cent from 0.31 per cent. Kulshreshta said the organisation aims to achieve net-zero NPA status within the next 15 months.

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..