Public sector giant HUDCO announced a major partnership with Jawaharlal Nehru Port Authority (JNPA).
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RAJ ANAND
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The two signed a Memorandum of Understanding (MoU) for collaboration in port infrastructure development projects.
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RAJ ANAND
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HUDCO revealed the update on Friday through a regulatory filing, highlighting new growth opportunities.
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RAJ ANAND
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The MoU is non-binding and focuses on financing and refinancing upcoming port development projects.
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RAJ ANAND
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The estimated value of this collaboration is ₹5,000 crore, marking a significant infrastructure boost.
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RAJ ANAND
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The agreement was signed by HUDCO CMD Sanjay Kulshrestha and JNPA Chairman Umesh Sharad Wagh.
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RAJ ANAND
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HUDCO primarily provides financial assistance for housing and urban infrastructure projects across India.
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RAJ ANAND
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This partnership strengthens HUDCO’s role in key national infrastructure and maritime development sectors.
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RAJ ANAND
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On Friday, HUDCO shares closed 0.77% lower at ₹226.99 on the NSE.
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RAJ ANAND
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Despite the dip, HUDCO stock has surged 17.01% in the past year — investors stay optimistic.
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RAJ ANAND
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