By CNBC-TV18 Dec 5, 2019 9:37:58 AM IST (Updated)
The government-owned infrastructure PSU has said that two of its borrowing agencies have defaulted on repayments.
Public sector enterprise HUDCO (Housing and Urban Development Corporation) has defaulted on certain repayment of dues, the company said in an exchange filing late on Wednesday.
Recommended Articles
View All
Desk-bombing and more — why Gen Z loves going to office
Mar 23, 2023 IST4 Min(s) Read
Centre Vs Supreme Court Collegium | Where the debate over judges' appointment in India stands
Mar 23, 2023 IST4 Min(s) Read
Why do more Thursdays feel like Fridays? There is a mindset change at play
Mar 23, 2023 IST4 Min(s) Read
New capital gain rules from April 1 — Cap on house sale, tax hike on market-linked debentures and more
Mar 23, 2023 IST3 Min(s) Read
The PSU said two of its borrowing agencies have defaulted in the repayment of their dues. The filing mentioned that the defaulted amount is Rs 87.46 crore against a principal outstanding of Rs 869.4 crore as on the date of the filing.
The company also said that the agencies in question have been classified as NPAs with "an impact of 1.14 percent on Gross NPA".
It's noteworthy that HUDCO recently reported a record high PAT of Rs 726 crore for Q2 of the current fiscal, over 2x higher than the previous quarter.
On Wednesday, the stock closed 0.5 percent up at Rs 40.40 per share on BSE.
First Published: Dec 4, 2019 11:33 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
