Stock Market Today: HUDCO share price remains in focus on Tuesday as it announced signing a Memorandum of Understanding (MoU) with Nagpur Metropolitan Region Development Authority (NMRDA), Maharashtra, on 8th September, 2025 at Mumbai for Rs. 11,300 Crore project in Maharashtra.
HUDCO MOU with Nagpur Metropolitan Region Development Authority (NMRDA)- Details
Housing & Urban Development Corporation Ltd on Monday, 8 September after the market hours announced signing an MMemorandum of Understanding (MoU) with Nagpur Metropolitan Region Development Authority (NMRDA).
As per the Housing and Urban Development Corporation Limited (HUDCO), release on the National Stock Exchange of India and the Bombay stock Exchange or BSE Ltd, in order to create a strong cooperative working relationship between HUDCO and NMRDA, a non-binding Memorandum of Understanding has been signed.
Under this agreement, HUDCO will explore and provide up to Rs. 11,300 Crore over five years for the development of infrastructure projects, housing, and land acquisition in the Nagpur Metropolitan Area.
In order to fulfil the new NMRDA criteria, HUDCO will also expand its consulting services and capacity-building initiatives.
As per HUDCO in its release on the exchanges said that “ ”The non-binding MoU has been entered to establish robust collaborative working partnership between HUDCO and NMRDA wherein HUDCO shall explore and provide funds up to Rs. 11,300 Crore over a period of five years, for land acquisition, housing, and development of Infrastructure Projects in Nagpur Metropolitan Region. Further, HUDCO will also extend Consultancy services and Capacity Building activities to meet the emerging requirements of NMRDA”
HUDCO share price movement
While HUDCO share price remains in focus in Tuesday after signing a ₹11300 crore MOU on Monday, the stock has been rebounding well, The HUDCO share price that had scaled 52 week high of ₹264.40 in September 2024, however had seen sharp correction to RS 158.90 in the month of March 2025, with sharp correction in the Indian Stock Market following valuation concerns and geopolitical concerns. The HUDCO share price however is rising well and rebounded to ₹217 level now.
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