Shares of the Housing and Urban Development Corporation (HUDCO) saw a significant uptick today, climbing 4% in morning trade. The momentum follows a strategic agreement signed with the Bihar state government to drive large-scale regional development.
Under the terms of the memorandum of understanding (MoU), the state-run lender has committed up to Rs 25,000 crore in financial assistance. The capital will be deployed over the next five years to accelerate land acquisition and the construction of industrial infrastructure.
This latest commitment solidifies HUDCO’s deepening relationship with Bihar. It follows a landmark deal reached in July, where the firm pledged Rs 1 lakh crore toward urban development projects, signaling a aggressive expansion strategy in the region.
Investors reacted positively to the news, viewing the recurring state-backed partnerships as a reliable revenue driver for the company’s long-term infrastructure lending portfolio.
