Housing and Urban Development Corporation Limited has achieved an 'Excellent' rating from the Department of Public Enterprises (DPE), Ministry of Finance, for its Memorandum of Understanding (MoU) performance during Financial Year 2024-25. The company secured an impressive score of 97.90 marks out of 100, demonstrating exceptional operational and financial performance.

Performance Achievement Details

The rating was communicated to stock exchanges on January 2, 2026, through an official disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The assessment was conducted based on the MoU signed with the Ministry of Housing and Urban Affairs (MoHUA), Government of India.

Regulatory Compliance and Communication

The disclosure was signed by Vikas Goyal, Company Secretary and Compliance Officer, ensuring full transparency for stakeholders and investors. The communication was sent to both the National Stock Exchange of India Limited (scrip code: HUDCO) and BSE Limited (scrip code: 540530).

Corporate Profile

Housing and Urban Development Corporation Limited operates as a Navratna Central Public Sector Enterprise under the Government of India with CIN L74899DL1970GOI005276. The company is ISO 9001:2015 certified and maintains its headquarters at Core-7A, HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi - 110003.

This outstanding rating achievement reflects HUDCO's commitment to excellence in both operational efficiency and financial performance, as evaluated under the government's prescribed guidelines for public sector enterprises during FY25.

IRFC has executed a significant rupee term loan agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO), marking another milestone in its diversified infrastructure financing mandate. The Government of India NBFC sanctioned ₹5,000.00 crore to the state utility on December 31, 2025, with immediate disbursement of a substantial portion.

Loan Agreement Details

The transaction represents a major financing commitment between the railway financing corporation and Maharashtra's power sector. Key parameters of the agreement include:

IRFC's Expanding Infrastructure Role

Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has evolved into a comprehensive infrastructure financier. The Navratna CPSE operates under the administrative control of the Ministry of Railways and maintains a distinguished track record in the sector.

The corporation's diversified mandate encompasses multiple infrastructure sectors with railway linkages:

• Power generation and transmission projects
• Mining operations
• Fuel and coal infrastructure
• Warehousing facilities
• Telecommunications infrastructure
• Hotels and catering services
• Metro rail systems
• Freight corridors
• Ports and multimodal logistics

Financial Performance and Asset Quality

IRFC continues to demonstrate strong financial discipline with a zero-NPA portfolio, reflecting its robust risk management practices. The corporation has consistently mobilized long-term resources at competitive rates, supporting India's rail infrastructure development over nearly four decades.

MAHAGENCO Partnership Significance

MAHAGENCO serves as Maharashtra's largest power generation company and plays a crucial role in ensuring reliable electricity supply across the state. As a key state utility, the company's operational efficiency directly impacts Maharashtra's industrial and domestic power requirements.

The sanctioned facility will enable MAHAGENCO to meet its operational and financial obligations, supporting the state's power generation capacity and reliability.

Management Commentary

The Chairman & Managing Director of IRFC emphasized the strategic importance of this partnership, stating that the sanction strengthens the corporation's engagement with strategic public sector utilities. The leadership highlighted IRFC's commitment to supporting critical infrastructure entities through structured long-term financing solutions.

This transaction reflects IRFC's expanding role in supporting vital infrastructure sectors while maintaining alignment with its core railway-focused mandate.