HUDCO and APCRDA Sign ₹11,000 Crore Loan Agreement

HUDCO and the Andhra Pradesh Capital Region Development Authority (APCRDA) have signed a ₹11,000 crore loan agreement for the development of Amaravati, Andhra Pradesh's greenfield capital. The agreement was formalized in the presence of Chief Minister N. Chandrababu Naidu. This loan will accelerate Amaravati's construction, focusing on modern infrastructure and urban facilities. The deal follows HUDCO's board approval on January 22, marking a significant step in realizing Amaravati as a state-of-the-art capital.

 

Source: NSE, Economic Times