📷 Image: Wikimedia Commons / Ministry of Housing and Urban Poverty Alleviation
Business
HUDCO Shares Surge After Signing Rs 25,000-Crore MoU with Bihar Govt
✍️ Business Standard
🗓 03 Sep 2026, 12:33 PM
👁 49
HUDCO's stock climbed after the company signed a ₹25,000 crore memorandum of understanding with the Bihar government.
HUDCO shares rose on Tuesday after the company announced a memorandum of understanding worth ₹25,000 crore with the Bihar government.
The agreement, signed by HUDCO officials and Bihar state representatives, is expected to facilitate large‑scale housing and urban development projects across the state.
As a government‑owned corporation focused on affordable housing, HUDCO’s partnership with Bihar is seen as a boost to its revenue prospects and a signal of increased demand for its services.
The market reaction was positive, with the stock closing higher on the day of the announcement.
The agreement, signed by HUDCO officials and Bihar state representatives, is expected to facilitate large‑scale housing and urban development projects across the state.
As a government‑owned corporation focused on affordable housing, HUDCO’s partnership with Bihar is seen as a boost to its revenue prospects and a signal of increased demand for its services.
The market reaction was positive, with the stock closing higher on the day of the announcement.