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

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

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code