HUDCO loan book to cross Rs 2 lakh crore

State-owned infrastructure financing institution Housing and Urban Development Corporation (HUDCO) expects its loan book to cross Rs 2 lakh crore during the ongoing financial year (FY27) on firm demand. To fund asset expansion, the company plans to borrow Rs 75,000 crore from domestic and overseas markets in the current fiscal, of which Rs 20,000 crore has already been raised in the first quarter. The company also plans to raise up to Rs 1,000 crore through Capital Gain Bonds, and intends to disburse Rs 65,000 crore during the year. In the April-June quarter, HUDCO reported its highest-ever quarterly loan disbursements of Rs 16,377 crore, up 28% year-on-year. On external commercial borrowings (ECB), HUDCO plans to raise a further $1.3 billion under the RBI concessional swap window available until December 31, 2026, having already raised $700 million this fiscal. The State Bank of India (RBI) opened a special US Dollar-Rupee forex swap window in June to provide cheap currency hedging support to public sector undertakings raising ECBs. HUDCO's CMD Sanjay Kulshrestha shared these plans with PTI.