Page 14 - NEWSLETTER OCT to DEC 2023 Vol57

• CMD explained HUDCO’s role in financing various
Housing and Urban Infrastructure development
activities in the State of Tamil Nadu.
• CMD explained about the new competitive interest
rates for both short term and long term borrowings
and requested TIIC to consider HUDCO for their
upcoming investment projects.
Dr S Vijayakumar IAS, Addl. Chief Secretary/CMD,
Tamil Nadu Urban Infrastructure and Financial Services
Ltd (TNUIFSL)
• CMD, explained about the new competitive interest
rates for both short term and long term borrowings. • Progress of the ongoing schemes funded by HUDCO
• CMD conveyed HUDCO’s willingness to offer tailor through WSPF was also discussed.
made project funding with varied financial models, • HUDCO’s Consultancy Projects were also discussed
Bridge funding, Structured Cash flow with Mortgage. during the meeting.

Meeting with Shri Rajesh Lakhoni IAS, Additional Chief • CMD and DCP explained about HUDCO’s association
Secretary/CMD, TANGEDCO/Chairman TANTRANSCO with TANGEDCO.
• CMD TANGEDCO mentioned that there is potential
for HUDCO funding in Transmission projects.
• CMD briefed about the progress of Sanction of the
new loan application submitted by TANGEDCO to
HUDCO for a loan amount of Rs. 1000 Crs.
• CMD explained about the aspects of the “Special Term
Loan for Operational Requirements”.
• Swapping of High cost loans of TANTRANSCO from
other Financial Institutions to HUDCO was also
discussed.
Shri Vishu Mahajan IAS, Joint Managing Director,
TANGEDCO, TANTRANSCO Shri Sundaravandanam, DF, TANTRANSCO

Shri M Prasanna Kumar, Chairman and Managing
Director, Neyveli Lignite Corporation India Limited (NLC)
in meeting with CMD HUDCO to discuss HUDCO’s
association with NLC for project funding including
operational funding and HUDCO’s Consultancy
operations and possibility.

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