New Delhi : At the 54th Annual General Meeting (AGM) of HUDCO Limited, Company’s operational and financial performance for the FY 2023-24 were highlighted on September 25, 2024. Record-breaking loan sanctions, disbursements, profits, and other key metrics were some of the key highlights.
The AGM was chaired by Chairman & Managing Director Sanjay Kulshrestha, who said on the occasion that the recent twin achievements of obtaining the ‘Navratna CPSE’ and NBFC-IFC status have created new opportunities, boosting its capabilities in resource mobilization, business generation, and profitability. These developments will facilitate a significant advancement in its business operations. CMD HUDCO reiterated HUDCO’s alignment with the country’s net zero goals and how the Company is poised to contribute to ‘green economy’ sectors such as green buildings, sustainable transport, water, waste management, land management, and renewable energy as well as ‘blue economy’ sectors such as ports, shipyards, Sagarmala projects and related infrastructure.
Further, in order to supplement Government of India’s vision of $7 trillion economy by 2030 and Viksit Bharat @2047, HUDCO will increase its involvement in flagship missions through its core areas of financing, consultancy, and training and prioritize funding for key economic drivers like roads, multimodal corridors, urban metro rail, new town, smart affordable houses, industrial corridors, social and health infrastructure projects.
He assured that by leveraging HUDCO’s expertise, experience, and resources, and by building and nurturing strategic partnerships with various states and potential business partners, the Company is well-positioned to achieve its goal of expanding its balance sheet size to Rs 3 lakh crore by FY30.
HUDCO 54th Annual General Meeting Highlights Record Performance
