Company type | Public |
---|---|
Industry | Financial services |
Founded | 25 April 1970 |
Headquarters | New Delhi |
Key people | Sanjay Kulshrestha (Chairman & MD) |
Products | Infrastructure loan |
Revenue | ₹7,571.64 crore (US$910 million) (2020) [1] |
₹6,133.36 crore (US$730 million) (2020) [1] | |
₹1,708.20 crore (US$200 million) (2020) [1] | |
Total assets | ₹76,125.76 crore (US$9.1 billion) (2020) [1] |
Total equity | ₹12,342.26 crore (US$1.5 billion) (2020) [1] |
Owner | Government of India (74.8%) [2] |
Number of employees | 827 (March 2019) |
Website | www.hudco.org.in |
The Housing and Urban Development Corporation Limited, abbreviated as HUDCO, is an Indian public sector undertaking engaged in housing finance and infrastructure project finance. The Govt Grants Navratna Status to PSU on 18-April-2024. [3]
The institution came into existence on 25 April 1970 as a private limited company under the complete ownership of the Government of India with an equity base of Rs.2 crore under the Companies Act, 1956. [4] [5] [6]
It was created against the backdrop of housing deficit in India in 1960s and 70s, with the objective of addressing issue of housing finance and playing role in urban infrastructure development. [6]
The organisation provides finance for setting up of new towns and also works as consultancy services for the projects of designing and planning relating to Housing and Urban Development programs in India as well as abroad.
HUDCO won UN-Habitat Scroll of Honour Award for the contributions to the development of housing in 1991. [7] The institution was conferred with miniratna status in 2004. [8] [9]
HUDCO started financing for development of infrastructures in 1989. [10] The priority was giving for infrastructure facilities including projects in the sectors of drainage, electricity, water supply, sewerage, solid waste management and roads in the urban areas. Later the social infrastructure components like primary schools and play grounds, hostels for working women, healthcare centres, police stations and jails, courts, etc. received benefit of funding for low cost. [11]
HUDCO has provided term loans for construction of roads and other transportation sectors which includes construction of Airport, Railways, Ports, Metro Rails, Bridges and Flyover, Railway Over-bridges, Subways, Bypasses, Bus Terminal, Parking complexes, Purchase of public transport vehicles, Bus Stops/stations, Intelligent Traffic Management system etc.
Airport projects of Cochin International Airport and Calicut International Airport in Kerala are supported by HUDCO. [12] The infrastructure for Kerala State Road Transport Corporation and UPSRTC are also funded by them. HUDCO sanctioned ₹ 100 crore for KSRTC in 2002 for purchasing 550 buses and 350 mini-buses [13] and ₹260 crores in 2014 for purchasing 1500 buses. [14]
In 1994,HUDCO set up a Waste Management Cell for promotion of municipal waste management. [15]
Capacity Building and Consultancy Services: HUDCO provides planning, designing, and urban development consultancy services and technical assistance to state governments, urban local bodies, and other stakeholders. It also organizes training programs and training workshops for professionals.
HUDCO has sanctioned 58 schemes with a project cost of ₹ 675 crore to provide new systems and to augment the existing systems. [15]
295 water supply schemes, with a project cost of ₹ 5,285 crore was funded by HUDCO. [15] In 2016, HUDCO has also given finance to Nellore's underground drainage project proposed by Nellore Municipal Corporation. [16]
Engineers India Limited (EIL) is an Indian public sector industrial technology, engineering consultancy and technology licensing company. It was set up in 1965 with the mandate of providing indigenous technology solutions across hydrocarbon projects. Over the years, it has also diversified into synergic sectors like non-ferrous metallurgy, infrastructure, water and wastewater management and fertilizers.
The economy of Kerala is the 9th largest in India, with an annual gross state product (GSP) of ₹9.78 lakh crore in 2020–2021. Per-capita GSP of Kerala during the same period is ₹257,711 (US$3,100), the sixth largest in India. In 2019–20, the tertiary sector contributed around 63% of the state's GSVA, compared to 28% by secondary sector, and 8% by primary sector.
Infopark, Kochi is an information technology park situated in the city of Kochi, Kerala, India. Established in 2004 by the Government of Kerala, the park is spread over 260 acres (105.2 ha) of campus across two phases, housing 546 companies which employs about 63,600 professionals as of 2022.
Kochi is a major port city in the Indian state of Kerala. The city is widely known as the commercial or economic capital of the state of Kerala.
The Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) is an airport project for Dr. Babasaheb Ambedkar International Airport, Nagpur. It is the biggest economical development project currently underway in India in terms of investments. The project aims to exploit the central location of Nagpur and convert the present airport into a major cargo hub with integrated road and rail connectivity.
Kerala State Road Transport Corporation (KSRTC) is a state-owned road transport corporation in the Indian state of Kerala. It is one of the country's oldest state-run public bus transport services. The corporation is divided into three zones, and its headquarters is in the state capital Thiruvananthapuram. Daily scheduled service has increased from 1,500,000 kilometres (930,000 mi) to 1,700,000 kilometres (1,100,000 mi), using 5400 buses on 4500 routes. The corporation transports an average of 3.545 million commuters per day.
REC Limited, formerly Rural Electrification Corporation Limited, of which Power Finance Corporation Limited (PFC) is the holding company of that is under the ownership of the Ministry of Power, the Government of India. It finances and promotes power projects across India. The PSU provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. On 20 March 2019, PFC signed an agreement to acquire a 52.63% controlling stake in REC for ₹14,500 crore (US$1.7 billion). On 28 March, PFC announced that it had completed making the payment for the acquisition and intended to merge REC with itself in 2020. However, REC has maintained that merging PFC-REC is no longer an option.
GMR Group is an Indian multinational conglomerate headquartered in New Delhi. The group was founded in 1978 by Grandhi Mallikarjuna Rao and comprises several companies including GMR Infrastructure, GMR Energy, GMR Airports, GMR Enterprises. Employing the public-private partnership model, the Group has implemented several infrastructure projects in India. The Group also has a global presence with infrastructure operating assets and projects in several countries including Philippines and Greece.
The Indian city of Thiruvananthapuram has a well-developed transport infrastructure. The city and its suburbs may be traversed using road and rail. Within the city, city buses, taxis and auto rickshaws provide mobility. Scooters and motorcycles are the favored means of personal transport. Ola, Uber and other taxi services operate there.
Angamaly for Kalady is an NSG–4 category Amruth Bharat Railway Station Amrit Bharat Station Scheme Indian railway station in Thiruvananthapuram railway division of Southern Railway zone. It is a railway station Located at Angamaly in Ernakulam district of Kerala state in India operated by Southern Railway Network. It lies in the Shoranur–Cochin Harbour section of Trivandrum division. Angamaly is the halting point for 48 trains including Express and all Passenger trains passing through this station. The railway station is located about 26 km from Ernakulam Town and 10 km from Aluva stations. It Is the nearest railway station of Cochin International Airport, 5 km apart, where above 10 million passengers traveling every year.
Mathew Thoompumpattu Thomas is an Indian politician and a member of legislative assembly, who was the former minister for water resources in Government of Kerala, State President and Legislature Party Leader of the Janata Dal (Secular) an ally of LDF. He was the Minister of Transport for Kerala from May 2006 to August 2009 in the LDF ministry led by V.S. Achuthanandan.
The United Democratic Front government led by Oommen Chandy sworn in on 18 May 2011. Seven of the total 20 members of the Cabinet took office on 18 May and the rest sworn in on 23 May after completing discussion with member parties of the UDF.
Rashtriya Ispat Nigam Ltd,, also known as Vizag Steel, is a central public sector undertaking under the ownership of Ministry of Steel, Government of India based in Visakhapatnam, India. Rashtriya Ispat Nigam Limited (RINL) is the government entity of Visakhapatnam Steel Plant (VSP), India's first shore-based integrated steel plant built with state-of-the-art technology. Visakhapatnam Steel Plant (VSP) is a 7.3 MTPA plant. It was commissioned in 1992 with a capacity of 3.0 MTPA of liquid steel. The cpsu subsequently completed its capacity expansion to 6.3 MTPA in April 2015 and to 7.3 MTPA in December 2017. The PSU is having one subsidiary, viz. Eastern Investment Limited (EIL) with 51% shareholding, which in turn is having two subsidiaries, viz. M/s Orissa Mineral Development Company Ltd (OMDC) and M/s Bisra Stone Lime Company Ltd (BSLC). The CPSU has a partnership in RINMOIL Ferro Alloys Private Limited and International Coal Ventures Limited in the form of Joint Ventures with 50% and 26.49% shareholding respectively.
Kozhikode Light Metro is a proposed Light Metro system for the city of Kozhikode (Calicut), in India. In 2010, the State government explored the possibility of implementing a metro rail project for Kozhikode city and its suburbs. The proposal was to have a corridor connecting Meenchanda to the Kozhikode Medical College Hospital through the heart of the city. An inception report was submitted by a Bangalore-based consultant, Wilber Smith, on the detailed feasibility study on the prospect of implementing the Mass Rapid Transport System (MRTS) and Light Rail Transit System (LRTS) in the city. However, the project has been scrapped to be replaced by Kozhikode Monorail project.
Global Investors Summit, officially the Invest Madhya Pradesh Global Investors Summit or GIS is a biennial business summit organized by Government of Madhya Pradesh in Indore, the commercial capital of central India to attract domestic and foreign investment for development of the state. Based on the theme– India's Growth Centre and aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit serves as a perfect platform to understand and explore business opportunities in the State of Madhya Pradesh.
NBCC (India) Limited, formerly known as National Buildings Construction Corporation is a public sector undertaking (PSU) company under the Ministry of Housing and Urban Affairs, Government of India.
Indian Railway Finance Corporation (IRFC) is an Indian public sector undertaking engaged in raising financial resources for expansion and running through capital markets and other borrowings. The Government of India owns a majority stake in the company, while the Ministry of Railways has administrative control.
Mundakkal, also spelt Mundackal, is an important residential area and industrial hub situated in the city of Kollam, Kerala, India. The place is considered as the capital of India's cashew processing activities. Kerala State Cashew Development Corporation Limited(KSCDC) and Cashew Export Promotion Council of India(CEPCI) are headquartered at Mundakkal in Kollam city. It is an important tourist place in the city and a part of Downtown Kollam which gained in significance because of the presence of a flourishing beach. During 'Karkidaka Vavubali', thousands of devotees arrive on the beach to perform the Vavubali Tharpanam. Vavubali is an important ritual observed by Hindus in Kerala in the month of Karkidakam. The ritual involves people offering Bali to the departed souls. The ritual is performed by men, women, and children.
The Asramam Link Road is an important four-lane city road in Kollam in the Indian state of Kerala. This road was formerly known as Airport Road or Aerodrome Road as it was the connection road to Kollam Airport, the one and only airport in the entire Kerala coast then. The road starts from Kappalandimukku near Polayathode in the east and currently ends at KSRTC, but is ultimately planned to extend to Thoppilkadavu in the west of the city. The Rs.114 crore worth third phase of construction includes a 3 km long flyover, which would extend it from Kollam KSRTC Bus Station to Thoppilkadavu, is going on now.
Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments.These type of firms can also be a joint venture of multiple PSUs. These entities perform commercial functions on behalf of the government. Depending on the level of government ownership, PSUs are officially classified into two categories: Central Public Sector Undertakings (CPSUs), owned by the central government or other CPSUs; and State Public Sector Undertakings (SPSUs), owned by state governments. CPSU and SPSU is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSUs are granted the status of Maharatna, Navaratna, and Miniratna.