Mumbai, April 4 -- Further, the company's board has also approved an increase in the overall borrowing limit to Rs 2,50,000 crore from existing limit of Rs 1,50,000 crore as earlier approved by shareholders u/s 180(1)(c) of the Companies Act, 2013, subject to the approval of same by Shareholders.

HUDCO is a policy institution that provides housing finance and non-commercial urban infrastructure financing. The company's key mission is to support the construction of affordable housing for lower-income households and the development of non-commercial urban infrastructure (including water supply, road and transport, power, and commercial infrastructure). HUDCO conducts its business by balancing profitability with its social mandate.

The com...