Housing and Urban Development Corporation Limited (HUDCO) has announced the re-appointment of Shri Baldeo Purushartha as Government Nominee Director, effective immediately. This decision comes following the conclusion of his previous tenure, which ended on September 15, 2025, coinciding with HUDCO's 55th Annual General Meeting (AGM).

Board Approval and Appointment Details

The Board of Directors of HUDCO approved Purushartha's re-appointment through a resolution passed by circulation on the same day as the AGM. This swift action ensures continuity in the company's governance structure.

About Baldeo Purushartha

Shri Baldeo Purushartha, who holds the Director Identification Number (DIN) 07570116, brings a wealth of experience to his role at HUDCO:

• Currently serves as Joint Secretary in the Infrastructure Policy and Planning Division at the Department of Economic Affairs
• 2002 batch Indian Administrative Service (IAS) officer from the Punjab cadre
• Represents the Government of India on boards of several Central Public Sector Enterprises, including:
  • Indian Railway Station Development Corporation Ltd
  • Indian Railway Finance Corporation Ltd
  • National Investment and Infrastructure Fund Trustee Limited
  • National Land Monetisation Corporation Limited

Professional Achievements

Purushartha's career is marked by notable accomplishments:

• Received an award from the Prime Minister for making Chandigarh the first Million Plus Open Defecation Free (ODF) city
• Contributed to shaping various books on Public-Private Partnership (PPP) in infrastructure
• Authored articles on Infrastructure & PPP in various magazines

Educational Background

Mr. Purushartha holds a Post Graduate degree from the University of Delhi, India, further enhancing his qualifications for this crucial role.

Implications for HUDCO

The re-appointment of Shri Baldeo Purushartha as Government Nominee Director is significant for HUDCO:

• Ensures continuity in government representation on the board
• Brings valuable expertise in infrastructure and public-private partnerships
• Aligns with HUDCO's role in urban development and housing finance

Additional Notes

• Purushartha does not hold any shares in HUDCO
• He is not related to other board directors of the company

This re-appointment underscores the government's continued involvement in HUDCO's strategic direction and governance, potentially influencing the company's future initiatives in urban development and infrastructure financing.

Housing and Urban Development Corporation Limited (HUDCO) has made two significant announcements, showcasing its commitment to urban development and corporate governance.

New Government Nominee Director Appointed

HUDCO has appointed Shri Baldeo Purushartha as a Government Nominee Director with immediate effect. This appointment follows an order from the Ministry of Housing and Urban Affairs and subsequent approval by HUDCO's Board of Directors through a resolution passed by circulation on September 8, 2025.

Shri Purushartha, a 2002 batch Indian Administrative Service (IAS) officer of the Punjab cadre, currently serves as Joint Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India. His extensive experience includes various field and secretariat positions in both the Government of Punjab and the Government of India.

Key points about Shri Purushartha's appointment:

• He holds a Post Graduate degree from the University of Delhi.
• He represents the Government of India on the boards of several Central Public Sector Enterprises.
• He has received an award from the Prime Minister for making Chandigarh the first Million Plus ODF (Open Defecation Free) city.
• Shri Purushartha does not hold any shares in HUDCO and is not related to other board directors.

Memorandum of Understanding with Nagpur Metropolitan Region Development Authority

In a separate development, HUDCO has signed a non-binding Memorandum of Understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA) on September 8, 2025, in Mumbai. This strategic partnership aims to boost urban development in the Nagpur Metropolitan Region.

Key aspects of the MoU:

• HUDCO will explore and provide funds up to Rs. 11,300.00 Crore over a five-year period.
• The funding will support land acquisition, housing, and infrastructure projects in the Nagpur Metropolitan Region.
• HUDCO will also extend consultancy services and capacity-building activities to meet NMRDA's emerging requirements.

The MoU signing ceremony was attended by notable dignitaries, including:

• Shri Devendra Fadnavis, Chief Minister of Maharashtra
• Shri Eknath Shinde, Deputy Chief Minister of Maharashtra
• Shri Sanjay Kulshrestha, Chairman & Managing Director of HUDCO

This collaboration between HUDCO and NMRDA is expected to significantly contribute to the urban development landscape of the Nagpur Metropolitan Region, fostering growth and improving infrastructure in the area.

These developments underscore HUDCO's role in facilitating urban development across India and its commitment to maintaining strong corporate governance practices.