HUDCO CMD

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

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

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.  

 

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

HUDCO: Calendar and diary for 2020 released

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.

06 Dec 2019
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:-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.

hudco:-dr-kanth-addressed-49th-agm

HUDCO: Dr Kanth addressed 49th AGM

By IndianMandarins 25 Sep 2019

Dr. M. Ravi Kanth, Chairman & Managing Director, HUDCO addressed the shareholders at its 49th Annual General Meeting in New Delhi on 25th September, 2019 which was well attended by all the stakeholders who appreciated the financial performance of HUDCO in 2018-19.

hudco-starts-plantation-drive

HUDCO starts plantation drive

By IndianMandarins 19 Sep 2019

Dr M Ravi Kanth (CMD, HUDCO) today planted saplings to launch a tree plantation drive, as part of a series of events planned to mark the 150th birth anniversary of Mahatma Gandhi under the Swachh Bharat Mission. On the occasion, a mass awareness campaign rally was also organized by HUDCO.

hindi-pakhwara-inaugurated-in-hudco

Hindi Pakhwara inaugurated in HUDCO

By IndianMandarins 16 Sep 2019

HUDCO CMD Dr M Ravi Kanth inaugurated Hindi Pakhwada that is being observed between September 13 and September 27, 2019. Dr Kanth emphasized the need to use Hindi in the official work with full dedication and commitment. Several competitions including recitation, public speaking, kavisammelan and essay writing will be organized during the fortnight to promote Hindi language.

a-noble-gesture-on-fasting-day-by-hudco

A noble gesture on fasting day by HUDCO

By IndianMandarins 13 Jun 2019

State-run infrastructure giant Housing and Urban Development Corporation (HUDCO) organised a community lunch, or ‘Bhandara’, at the India Habitat Centre complex, in New Delhi on Thursday, June 13, to mark the fasting event or Nirjala Ekadashi when people abstain from food and water to please the creator. The Chairman and Managing Director HUDCO Dr M Ravi Kanth himself served water and food among those present. He was accompanied by other senior officials through the event.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.