HUDCO signs ₹25,000 crore Bihar industrial parks MoU as DIPAM clears stake transfer
HUDCO entered a ₹25,000 crore term-loan MoU with the Government of Bihar to develop industrial parks over five years. DIPAM cleared the Ministry of Rural Development’s 20.73% promoter stake (41.5 crore shares) for transfer to the Ministry of Housing and Urban Affairs, consolidating a 75% promoter block. The move supports HUDCO’s state-backed order pipeline and long-term interest income.