HUDCO MoU for FY 2026-27 has been signed between Housing and Urban Development Corporation Ltd. (HUDCO) and the Ministry of Housing and Urban Affairs (MoHUA). The agreement sets financial and non-financial performance targets for the public sector enterprise for the financial year.
Housing and Urban Development Corporation Ltd. (HUDCO) has signed its annual Memorandum of Understanding (MoU) for FY 2026-27 with the Department of Urban Development under the Ministry of Housing and Urban Affairs (MoHUA).
The HUDCO MoU was signed by Satendra Singh, Secretary, Department of Urban Development, MoHUA, and Sanjay Kulshrestha, Chairman and Managing Director, HUDCO.
HUDCO MoU Sets FY 2026-27 Performance Targets
The agreement outlines key performance targets for HUDCO for FY 2026-27. It covers both financial and non-financial performance parameters.
The key areas include financial ratios, Total Return to Shareholders, procurement from Micro and Small Enterprises (MSEs), CSR expenditure and other performance indicators.
These targets will serve as benchmarks for assessing HUDCO’s performance during the financial year.
Senior Officials Attend HUDCO MoU Signing
Senior officials from MoHUA and HUDCO attended the signing ceremony.
The officials included Kumar Ravikant Singh, Joint Secretary, MoHUA; Sanjeet, Joint Secretary and Financial Adviser, MoHUA; M. Nagaraj, Director (Corporate Planning), HUDCO; and Daljeet Singh Khatri, Director (Finance), HUDCO.
The annual MoU forms part of the established performance-monitoring framework for public sector enterprises.
HUDCO MoU Covers Financial and Non-Financial Parameters
The agreement covers several areas linked to HUDCO’s operational and financial performance. These include key financial ratios and shareholder returns.
It also includes targets related to procurement from MSEs and CSR expenditure. Other performance indicators have also been incorporated into the agreement.
The targets were finalised through the established inter-ministerial process coordinated by the Department of Public Enterprises under the Ministry of Finance.
HUDCO to Focus on Housing and Urban Infrastructure
HUDCO is a public sector enterprise focused on financing housing and urban infrastructure projects.
The FY 2026-27 MoU provides a performance framework for the company for the year ahead. It sets measurable targets across financial, operational and other identified parameters.
The agreement will guide HUDCO’s performance monitoring during FY 2026-27 and support its role in housing and urban infrastructure financing.
Source: PSU Connect
