Housing and Urban Development Corporation Limited has been assigned an ESG rating of 62, categorized as Strong, by ESG Risk Assessments and Insights Limited. The disclosure was made on September 3, 2026.

The Navratna CPSE disclosed the rating under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that it did not engage the rating provider directly. Instead, the assessment was derived from information available in the public domain.

Rating Details

The filing was signed by Vikas Goyal, Company Secretary and Compliance Officer of HUDCO.

Housing and Urban Development Corporation Limited signed a Memorandum of Understanding with the Government of Bihar on September 2, 2026, to provide financial assistance for industrial infrastructure development.

The agreement outlines a commitment of ₹25,000 crore over a five-year period. The funds will support the development of industrial parks across various districts in the state, including the acquisition of land for these projects.

Deal Structure and Terms

The loan will be availed in tranches by a statutory authority specifically designated by the state government. HUDCO will provide funds on flexible terms, including a moratorium period and a repayment schedule extending up to 25 years. Borrowers also have the option to prepay the loan.

Repayment will be secured through escrowing revenue generated from the projects or by ringfencing other sources of revenue from identified receivables or the state budget. This structure aims to ensure timely payments to HUDCO.

Implementation Framework

The Infrastructure Development Authority, Bihar (IDA), is entrusted with facilitating and implementing the identified infrastructure development initiatives. Separate operational agreements specifying the scope of work and terms will be executed based on mutually agreed terms between the parties.

The MoU remains valid for three years from the date of execution, subject to annual review. The signing was witnessed by Shri Kundah Kumar, Managing Director of IDA, and Shri Sanjay Kulshrestha, Chairman and Managing Director of HUDCO.