![]() | |
Company type | Public |
---|---|
Industry | Financial services |
Founded | 25 April 1970 |
Headquarters | New Delhi |
Key people | Sanjay Kulshrestha (Chairman & MD) |
Products | Infrastructure loan |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Owner | Government of India (74.8%) [2] |
Number of employees | 827 (March 2019) |
Website | www.hudco.org |
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 April 18,2024. [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.
Ircon International, or Indian Railway Construction International Limited (IRCON), is an Indian engineering & construction corporation, specialized in transport infrastructure. The public sector undertaking was established in 1976, by the Indian Railways under the Indian Companies Act 1956. IRCON was registered as the Indian Railway Construction International Limited, a wholly owned entity of the Indian Railways. Its primary charter was the construction of railway projects in India and abroad. Ircon has since diversified into other transport and infrastructure segments and with its expanded scope of operations around the world, the name was changed to Indian Railway International Ltd. in October 1995.
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$3,200), 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 1,200,000 kilometres (750,000 mi) to 1,422,546 kilometres (883,929 mi), using 6,241 buses on 6,389 routes. The corporation transports an average of 3.145 million commuters per day.
The Kochi Metro is a rapid transit system serving the city of Kochi and the wider Kochi Metropolitan Region in Kerala, India. It was opened to the public within four years of starting construction, making it one of the fastest completed metro projects in India. The Kochi metro project is the first metro system in the country which connects rail, road and water transport facilities. It is also the first metro rail system in India to be operated using the Communication-Based Train Control (CBTC) signalling system, which requires minimum human intervention. The Kochi Water Metro is integrated with the Kochi Metro, which also serves as a feeder service to the suburbs along the rivers where transport accessibility is limited.
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$1.8 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.
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.
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.
Emerging Kerala is the name given to a biennial investors summit held by the Government of Kerala in Kerala, India. The event is aimed at bringing together business leaders, investors, corporations, thought leaders, policy, and opinion makers.
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 the administrative control.
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) or Public Sector Enterprises (PSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state governments or joint ventures between multiple Public Sector Enterprises. Depending on the level of government ownership, they can be broadly categorised as Central PSUs or State PSUs. These entities include government companies, statutory corporations, banking institutions, and departmentally run companies. PSUs are officially classified into three categories, which are Central Public Sector Enterprises (CPSE) and Public Sector Banks (PSB) owned by the central government or other CPSEs/PSBs, and State Level Public Enterprises (SLPE) owned by state governments or other SLPEs. CPSE is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSEs are granted the status of Maharatna, Navaratna, and Miniratna.
Kilambakkam Bus Terminus, officially Kalaignar Centenary Bus Terminus, is a bus terminus in Kilambakkam, a southern suburb of Chennai, India. Situated along the GST Road, it became operational on 30 December 2023. Spread over an area of 88.52 acres (358,200 m2), it was built to decongest the Chennai Mofussil Bus Terminus in Koyambedu. It is an integrated bus terminus for mofussil buses operated by TNSTC, SETC, KSRTC, KSRTC SWIFT and contract carriage buses. The terminus is connected to other parts of the Chennai Metropolitan Area and suburbs by MTC buses.