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.

State-owned Indian Railway Finance Corporation Ltd (IRFC) executed a Rupee Term Loan Agreement with Maharashtra State Power Generation Company Ltd (MAHAGENCO) for a sanctioned amount of ₹5,000 crore on December 31. The company achieved immediate disbursement of ₹3,000 crore on the same day of agreement execution.

Loan Agreement Details

The financing arrangement represents a significant commitment between the two state-owned entities, with the following key parameters:

IRFC's Expanding Infrastructure Role

Established in 1986 as the dedicated financing arm of the Ministry of Railways, IRFC has evolved beyond its traditional railway financing mandate. The Navratna Central Public Sector Enterprise now operates as a diversified infrastructure financier within the broader railway ecosystem.

The company's expanded scope encompasses multiple sectors with forward and backward linkages to railways:

• Power generation and transmission projects
• Mining operations and fuel supply
• Warehousing and logistics facilities
• Telecommunications infrastructure
• Hotels and catering services
• Metro rail systems and freight corridors
• Ports and multimodal logistics hubs

IRFC maintains a strong asset quality track record with a zero-NPA portfolio, positioning it as a reliable financing partner for critical infrastructure projects.

MAHAGENCO's Strategic Importance

MAHAGENCO operates as Maharashtra's largest power generation company and serves as a key state utility responsible for ensuring reliable power supply across the state. The sanctioned facility from IRFC will support the company in meeting its operational and financial obligations, strengthening the state's power infrastructure capabilities.

Management Commentary

The Chairman & Managing Director of IRFC emphasized the strategic significance of this transaction, stating that the sanction further strengthens IRFC's engagement with strategic public sector utilities and demonstrates the company's commitment to supporting critical infrastructure entities through structured long-term financing solutions.

Market Performance

Shares of Indian Railway Finance Corp Ltd closed at ₹124.75 on the BSE, registering a marginal gain of ₹0.16 or 0.13% for the trading session.