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 Urban

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