It's an IPO season. After IRBs' InvIT, state-owned Housing and Urban Development Corporation Ltd (HUDCO) will raise Rs 1,200 crore from the markets. Dr M Ravi Kanth, Chairman and Managing Director, divulges the company's future strategy in an INFRASTRUCTURE TODAY exclusive.

The Housing and Urban Development Corporation (HUDCO) plans to garner Rs 1,200 crore via an Initial Public Offering (IPO). The objective of this IPO is to carry out the Centre’s divestment plan in this entity, of 2 crore equity shares.

GMR Infrastructure rose 1.27 per cent to Rs13.54 on the BSE after the company´s subsidiary entered into definitive agreements with Adani Transmission to transfer the interest in its transmission projects.

While the listed CPSUs showed a dismal growth performance during April-December 2012, their net profit contracted just over seven per cent during the period.

The Union government shows signs of addressing the problems of petroleum sector. Investors, though selective, are turning bullish as the government appears to be moving towards market pricing of petro products, though total decontrol may be years away.