Sun, May 19, 2024
Elara Capital says that with a 15 per cent loan CAGR in FY23-30E, HUDCO shows its strong presence in India's infrastructure and housing sector. Government schemes like Pradhan Mantri Awas Yojana, Smart City, and Jal Jeevan Mission, it is the beneficiary of all these. Its credit rating is AAA and the international credit rating is equal to the sovereign rating. The loan book of the company is more than Rs 85,000 crore. The fundamentals of the company are very strong.
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