HUDCO Urban Development - Will it develop the investor too?

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I am refferring to following news,
News 1 >Status Change: Hudco may soon become infrastructure finance company - The Economic Times

  • Hudco aims to transform into an infrastructure finance company (IFC) to access cheaper funds and reduce borrowing costs. (RBI) approval decision expected within a month or two.This will allow Hudco an access to a larger investor base, enabling diversification of resource base and optimization of borrowing.
  • To qualify as an IFC, at least 75% of assets must be dedicated to infrastructure lending, with additional criteria including a net worth of ā‚¹300 crore, a minimum ā€˜Aā€™ credit rating, and a CRAR of 15%.
  • Hudco is interested in financing projects related to energy transition as part of its IFC transformation.
  • The company has been pursuing IFC status for nearly two years and submitted its application to the RBI on March 29, 2022.

News 2>Budget 2024: Aim For 2 Crore More Houses In Next Five Years Under PM Awas Yojana, Says Nirmala Sitharaman

  • The government plans to launch a housing scheme in the interim Union Budget for 2024-25, for people in rented homes, slums, or unauthorized colonies, allowing them to buy or build their own houses.
  • Aligning with the ā€˜Housing for Allā€™ mission, encompassing PMAY-Urban and PMAY-Rural schemes.Fin. minister highlighted the construction of 3 crore houses under PMAY-Rural and proposed an additional 2 crore houses over the next 5 Yrs to meet growing demand.
  • The Union Budget estimates for FY25 for PMAY stand at Rs 80,671 crore, as compared with FY24 budget estimates of Rs 79,590 crore for the ā€œhousing for allā€
  • ā‚¹25,103 crore is designated for PMAY-Urban to accelerate the ā€˜Housing for Allā€™ mission, while the remaining funds support the PMAY-Rural scheme.

Query
What could be the chances that HUDCO gets an IFC status ?
If it gets IFC can it be considered in the league of IREDA,REC,PFC ?
What changes for HUDCO future earning with additional allocation in the budget and if it gets IFC status ?
Can hudco be more than just a PSU rally and be a long term bet ?

D-Invested~70s on PSU momentumā€¦added at 200

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The future for Hudco appears to be bright if it is getting an IFC status from its good old HFC Image. In anticipation , the stock price has already run up a bit.

However, already there are other PSUā€™s like PFC , REC, IRFC, IREDA with proven capability, So how much they can effectively lend for infra project and minimise NPA is to be seen.

As far as Stand alone HFC in PSU finance space the valuation of LIC housing finance looks much better as it is yet to catch up with investor fancy.

Discl: Not invested in Both the stocks discussed above. Not a buy sell recommendation
pl do your own assessment before investment

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