HUDCO to lend Rs 11,000 cr for Amaravati greenfield capital construction

Quick Summary:

Housing and Urban Development Corporation Ltd (HUDCO), a navaratna central public sector enterprise, has come forward to lend Rs 11,000 crore for the construction of Amaravati greenfield capital city in Andhra Pradesh, the state government said on Monday.

"Satisfied by the state government's proposals, HUDCO CEO agreed to lend Rs 11,000 crore to Andhra Pradesh Capital Region Development Authority (AP CRDA) for Amaravati construction," an official release said.

Municipal Minister P Narayana, who was in Delhi today, met with HUDCO chief executive Sanjay Kulshrestha and explained to him about the state's government's plans for Amaravati development.

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Category: BusinessFinance

Markets: India

Topics: Andhra Pradesh HUDCO Amaravati greenfield capital city Construction

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 23:25:00 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 23161838

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