Shares of Housing and Urban Development Corporation (HUDCO) jumped nearly 4% on Thursday to a day’s high of Rs 184.69 on the NSE after the company signed a Memorandum of Understanding (MoU) with the Government of Bihar to provide financial assistance of up to Rs 25,000 crore.
According to an exchange filing on Wednesday, the company said the MoU is aimed at providing financial assistance over a period of five years for the development of industrial infrastructure, including land acquisition for projects.
