HUDCO board to meet on April 4 to consider and approve borrowing programme for FY26

(Photo Credit :

CNBC-TV18

)

PSU stock Housing And Urban Development Corp Ltd (HUDCO) Ltd on Friday, March 28, said its board will meet next week on April 4 to consider and approve its borrowing programme for the next fiscal year.

This includes an annual resource plan or borrowing programme up to a maximum amount of ₹65,000 crore during the financial year 2026, depending on the actual requirement of funds.

HUDCO's board will also consider increasing the overall borrowing limit to ₹2.5 lakh crore from the existing limit of ₹1.5 lakh crore.

All of these proposals will be subject to the approval of shareholders.

Last week, the company said it executed a loan agreement with Andhra Pradesh Capital Region Development Authority (APCRDA) for ₹11,000 crore.

Earlier this month, the company said plans to increase its loan book to ₹1.5 lakh crore in financial year 2026 and expects to surpass its ₹1.2 lakh crore target for the current fiscal.

Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, highlighted the strong growth potential in housing and urban infrastructure. “Given the opportunities in these sectors, we expect an upward revision in our targets for financial year 2026. We will take a decision on this in the first quarter of the next financial year,” he said.

HUDCO shares were up 0.9% at ₹202.07 apiece at 11.40 am on Friday, March 28. The stock has gained 22.36% in the past month.

Also Read: Ashok Leyland's defence arm wins multiple orders worth ₹700 crore