HUDCO

hudco-marks-its-golden-jubilee

HUDCO marks its Golden Jubilee

On the occasion of HUDCO’s Golden Jubilee, more than 1000 officials and stakeholders from across the country joined a live webcast event to mark 50 years of distinguished service to the nation. In the wake of the corona pandemic, the use of information technology to enable virtual celebration of the foundation day, was a historic first.

Union Secretary for Ministry of Housing and Urban Affairs Durga Shanker Mishra (IAS:1984:UP), the Chief Guest on the occasion, addressed the officials and appreciated HUDCO’s stupendous contribution towards nation-building.

He urged HUDCO to continue to dream big and strive innovatively to address the challenges in the habitat sector and to develop as a knowledge hub among the SAARC and Commonwealth nations, particularly post COVID pandemic. Further, he stressed the need to learn from our past experiences and go beyond our usual business so as to achieve our dream of making India a developed nation by 2030.

Shiv Das Meena (IAS:1989:TN), the interim CMD of HUDCO, congratulated the employees for their commitment and dedication over decades, which has made HUDCO a continuously profit-making enterprise with a unique business model of ‘profitability with social justice’.

M Nagaraj, Director (Corporate Planning) welcomed the participants, and D Guhan, Director (Finance) proposed the vote of thanks.

29 Apr 2020
hudco-s-d-meena-named-as-interim-cmd

HUDCO: S D Meena named as interim CMD

Ministry of Housing and Urban Affairs (MoHUA) has reportedly, given the additional charge of CMD post in HUDCO to Shiv Das Meena (IAS:1989:TN) for a period of six months w.e.f. 21.04.2020. Presently, he is working as Additional Secretary in MoHUA. Following the completion of Dr M Ravi Kanth last year the additional charge of CMD post was given to M Nagaraj, Director (Corporate Planning) for a period ending 17 April 2020. 

Apprehending the delay in the selection process for CMD post, which was advertised recently, the ministry gave the additional charge to S D Meena. 

23 Apr 2020
hudco-marks-its-golden-jubilee

HUDCO marks its Golden Jubilee

By IndianMandarins 29 Apr 2020

On the occasion of HUDCO’s Golden Jubilee, more than 1000 officials and stakeholders from across the country joined a live webcast event to mark 50 years of distinguished service to the nation. In the wake of the corona pandemic, the use of information technology to enable virtual celebration of the foundation day, was a historic first.

Union Secretary for Ministry of Housing and Urban Affairs Durga Shanker Mishra (IAS:1984:UP), the Chief Guest on the occasion, addressed the officials and appreciated HUDCO’s stupendous contribution towards nation-building.

He urged HUDCO to continue to dream big and strive innovatively to address the challenges in the habitat sector and to develop as a knowledge hub among the SAARC and Commonwealth nations, particularly post COVID pandemic. Further, he stressed the need to learn from our past experiences and go beyond our usual business so as to achieve our dream of making India a developed nation by 2030.

Shiv Das Meena (IAS:1989:TN), the interim CMD of HUDCO, congratulated the employees for their commitment and dedication over decades, which has made HUDCO a continuously profit-making enterprise with a unique business model of ‘profitability with social justice’.

M Nagaraj, Director (Corporate Planning) welcomed the participants, and D Guhan, Director (Finance) proposed the vote of thanks.

hudco-s-d-meena-named-as-interim-cmd

HUDCO: S D Meena named as interim CMD

By IndianMandarins 23 Apr 2020

Ministry of Housing and Urban Affairs (MoHUA) has reportedly, given the additional charge of CMD post in HUDCO to Shiv Das Meena (IAS:1989:TN) for a period of six months w.e.f. 21.04.2020. Presently, he is working as Additional Secretary in MoHUA. Following the completion of Dr M Ravi Kanth last year the additional charge of CMD post was given to M Nagaraj, Director (Corporate Planning) for a period ending 17 April 2020. 

Apprehending the delay in the selection process for CMD post, which was advertised recently, the ministry gave the additional charge to S D Meena. 

urban-affairs-secretary-lauds-hudco,-nbcc-contribution-to-pm-cares

Urban Affairs Secretary lauds HUDCO, NBCC contribution to PM CARES

By IndianMandarins 30 Mar 2020

Durga Shankar Mishra (IAS:1984:UP), Secretary, Ministry of Housing and Urban Affairs has applauded HUDCO for its contribution of Rs 50 cr to the PM CARES FUND for COVID-19 related activities. Further, he underlined the contribution of Rs 67 lakh made from NBCC CSR & Rs 129.25 lakh from HSCC CSR in PM CARES FUND.

hudco:-amid-unending-saga-of-uncertainty-dr-nagaraj-gets-additional-charge

HUDCO: Amid unending saga of uncertainty Dr Nagaraj gets additional charge

By IndianMandarins 08 Jan 2020

The Ministry of Housing and Urban Affairs on Tuesday assigned the additional charge of CMD, HUDCO to Dr M Nagaraj, Director (Corporate Planning). For over ninety days of uncertainty HUDCO appears to have gathered rays of clarity.

It may be mentioned that the erstwhile CMD Dr M Ravi Kanth demitted office on December 20, 2019 but it took the ministry over two weeks to assign the additional charge of CMD post.

After Dr Kanth completed his extended tenure on October 10, 2019 top officials remained completely clueless over the extension/non-extension. Dr Kanth still continued as CMD expecting ACC’s decision over extension/non-extension. Had Dr Kanth given extension he would have continued till November 2020. But in the backdrop of non-extension of former GAIL CMD B C Tripathy and former NBCC CMD Dr A K Mittal it was unlikely for Dr Kanth too to get extension. But those in the affairs say that differences between the top authorities of the ministry and HUDCO had added to the uncertainty.

Surprisingly, public-sector headhunter too had not advertised the CMD post leaving the senior management clueless over the fate of the Board management.  

 

hudco:-guhan-appointed-as-director,-finance

HUDCO: Guhan appointed as Director, Finance

By IndianMandarins 27 Dec 2019

D Guhan (ED, Finance, HUDCO) was on Friday appointed as Director (Finance), Housing & Urban Development Corporation Limited (HUDCO) till the date of his superannuationi.e. 31.05.2024.

hudco:-calendar-and-diary-for-2020-released

HUDCO: Calendar and diary for 2020 released

By IndianMandarins 06 Dec 2019

Dr M Ravi Kanth (CMD, HUDCO) released HUDCO calendar and diary for the year 2020, at a function held to mark the 63rd death anniversary of Babasaheb Dr B R Ambedkar, Architect of our Constitution.

hudco-observes-constitution-day

HUDCO observes Constitution Day

By IndianMandarins 27 Nov 2019

Dr M Ravi Kanth, CMD HUDCO, read out the Preamble of the Constitution to commemorate the occasion of Constitution Day, 2019. Dr Kanth underlined the contributions made by Dr B R Ambedkar, the architect of the Constitution of India and reiterated the need to follow the tenets of the constitution in letter and spirit.

hudco-registers-216%-net-profit-touching-all-time-high-of-q2

HUDCO registers 216% net profit touching all-time high of Q2

By IndianMandarins 14 Nov 2019

In the time of economic slump, HUDCO has registered a growth of 216 per cent in net profit touching an all-time high of the Q2 to Rs 725.84 crore in the current financial year compared to Rs 335.68 crore of the first quarter of FY20. The company in its board meeting reported high growth in all financial parameters of its MOU targets, like Net Profit, Total Income, Net Worth, Disbursements and Balance Sheet Size, etc for Q2 of the current fiscal. Both the Gross NPA and Net NPA are the lowest in the financing sector of the government listed company.

Net Profit is 72 per cent high with Rs 1061.52 crore on a half-yearly basis as on September 30, compared to Rs 615.52 crore in the corresponding period last year. Total Income registered a growth of 113 per cent touching an all-time high of the Q2 to Rs. 2053.79 crore compared to Rs 1816.19 crore of the Q1 FY20. Total Income is 39 per cent high with Rs 3869.98 crore on a half-yearly basis as on September 30, compared to Rs 2793.10 crore in the same period of last financial year.

Balance Sheet size has grown by 55 per cent to Rs 75,000 crore as on September 30 in FY20 from Rs 48,343 crore in the same period of FY19. Net Worth of HUDCO has gone up by 10 per cent to Rs 11980.14 crores as on September 30 FY20 compared to Rs 10,956 crore as on March 31, 2019.

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