NEW DELHI:

In a significant announcement, the Chairman and Managing Director (CMD) of Hudco, Sanjay Kulshrestha, revealed that the company is on its way to becoming a zero Non-Performing Asset (NPA) company within the next 18 months. This ambitious goal is set to be achieved through the resolution of projects worth approximately Rs 1,200 crore at the National Company Law Tribunal (NCLT) and Rs 400 crore at the Debt Recovery Tribunal (DRT).

This strategic move is expected to cleanse Hudco's books of bad loans, marking a pivotal moment in the company's financial health and operational efficiency. The announcement has sparked interest among investors and stakeholders, eager to see how Hudco will navigate this challenging yet promising path.

Stay informed with the latest business news, updates on bank holidays, and public holidays to keep abreast of Hudco's journey towards achieving zero NPA status and other significant financial developments.