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Shta he's a chairman and MD at Hoodco

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and company has come out with a strong

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set of Q4 numbers to start with what led

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to this growth and of course will this

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momentum continue in the first quarter

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as well.

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>> Thank you Sharat. I think uh you have

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done a great analysis and I was going

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through the analytical part and uh uh it

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was very nice to uh look at the third

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party analysis and thank you so much for

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inviting me. uh if you see the growth of

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the company is sustaining from last 3

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years continuing uh it is only because

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of the push of big bharat from the

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government of India and the support not

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only the financial support which is

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coming out not only from the capital

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expenditure from the budget but uh the

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urban challenge fund the Amraat Sakwar

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mission PMY

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jan mission roads ports airport

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satellite towns so lot of policies are

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in place legislative changes whatever is

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required has already been done. uh when

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the reforms and the uh lot of push is

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there from the government of India and

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it is well accepted by the state

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governments and uh you may have seen

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that every state is coming with the uh

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kind of say you can sayim state or fix

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state that kind of programs are there

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within the states and these programs are

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backed by the projects and these

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projects are and in entire uh state

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starting from the UN and now the urban

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challenge fund is there which will which

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have a objective to make the cities

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liveable to make the cities grow up. So

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what it means is that we will be

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identifying the assets within that USB

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only and we will be creating a bankable

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project. So fair enough.

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>> So I so I think lot of potential is

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there lot of headwind is there and lot

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of support and acceptance is there. uh

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Sanjay G uh let's uh talk about a little

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bit about the internals also and I was

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just understanding that and NIMS you

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know there seems to be a little bit of

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pressure here when do you think will

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this bottom out or do you think this

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will stay

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>> yeah I think uh we have a philosophy

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that it's a it's a profit making with

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social objective and we are keeping that

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objective remain same uh we had guided

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to the market that our names will be

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between 3 to 3.2 2% this time it has

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just slightly reduced but it is only

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because of the pace of the growth we are

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growing at around 28 29% in the loan

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book our loan book is doubled in last 3

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years so whenever such kind of growth

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comes to any of the organization any of

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the financial companies there is a

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slight pressure which is a temporary one

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in the names so that has been reflected

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but at the same time as you have also

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analyzed we had been able to cut down

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our cost of funds so it's a temporary

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phenomena it will be rest at around 3 to

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3.2% 2% and uh I think uh from next

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quarter you may see the you may see such

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kind of changes

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>> right that means from the next quarter

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itself NIS are expected to bottom out uh

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that's an interesting take coming in but

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loan dispersements and AUM over here

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itself if you look at it there has been

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a good up move in the last 3 years we

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have shown that in KYC with all our

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analysis but what's the outlook ahead

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going like for FI30 you have given a

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target of 1 lakh cr is there any other

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targets which Are there long-term basis

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for Hoodco?

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>> So for FY30 the target is 3 lakh crores.

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Uh we are presently at 1.6 lakh crores

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and uh if you see the track record also

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we are continuously uh achieving our

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targets and with all our homework and

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with our all our sanctions and the uh

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implementation of the project and the

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pace of the project I'm very sure that

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by 2030 we will be achieving three lakhs

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of the loan books. So I don't see any

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issue in that. And second target is the

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net zero and as you have may have

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rightly pointed out we are nearing zero

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but not zero but uh we are trying hard

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to become exact zero absolute zero and

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we have a uh we have a pursuit that

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there will not be any default in the

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projects that we will be thanking. So

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whatever we are dispersing so there is

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no new NPA which is being created. The

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monitoring is very very strong. The due

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diligence is very very rigid. Then only

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the centurion process is

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>> right and Sanjay G just wanted to

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understand how the EUM changes are you

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moving towards the high yield products

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and if yes uh any timelines for it and

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what are these products?

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Yeah, high yield is there since we are

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starting the PPP projects also uh from

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the five sectors. Uh actually we had

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identified these five sectors as per the

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uh uh as per the requirement of the

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states and as for the objectives of the

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government of India like road, ports,

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airport, real estate and energy target.

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It is in line with the national

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objective. So only objectivity for

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selection of the project is the good

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entities, good investment grade entities

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and good projects. So I'm very sure that

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uh our names will be slightly higher on

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this part but if you see the proportion

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of the private sector it may not be high

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uh initially so we will be very

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selective in these projects. So overall

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it may not impact the total name

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guidance of between 3 to 2.2%. But yes

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for the from these project in initial

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phase when the construction is going on

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the returns will be slightly higher.

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>> Okay so that's the entire view coming

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in. But let's talk a little bit about

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the recoveries. I know last time

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conversation we had in KYC as well

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around 4 to 5 months where he has expect

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there were like around 10 odd projects.

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So right now how much uh recoveries are

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there expected to come in and any

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timeline if you can just quantify that.

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>> So uh last year we had resolved around

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11 assets and uh we had uh uh we had

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received around more than 400 crores

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also. This year uh out of 1,600 odd

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crores of the NPA around 1100 odd

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correspond

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and get our money back and uh out of

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1,600 we are targeting that at least 500

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should be settled giving this financial

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But we will be keep on reviewing this

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number

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>> right 500 is something which you're

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expecting from that 1 1600 cr of amount

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and of course with the timeline we'll

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talk about that but speaking of timeline

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Sanjay G give me the timeline for the

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327
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large MU signings with the state

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329
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governments interestingly a state

330
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331
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elections are also over anything we can

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333
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expect you know especially from say like

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335
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a west Bengal or an Assam just wanted to

336
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337
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get your views on that

338
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339
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>> we started our work on that And uh it

340
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341
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may be MOU or it may be direct sension

342
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343
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of the project also.

344
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345
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>> And which states are these? If you could

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347
00:07:01.120 --> 00:07:03.029
just give us a flavor.

348
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349
00:07:03.039 --> 00:07:05.990
>> I think uh there are a lot of states uh

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351
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so I will not diverge into the details

352
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353
00:07:08.560 --> 00:07:10.309
because uh the discussions are still

354
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355
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going on. Okay.

356
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357
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>> But very soon we will be announcing to

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359
00:07:13.360 --> 00:07:13.749
the market.

360
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361
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>> Okay. So soon you'll be announcing some

362
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363
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good important long-term MUS with the

364
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365
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state governments. Of course uh the

366
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367
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state elections are also over but also

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369
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Sanjay Gi give me a little bit of flavor

370
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371
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about the growth triggers on the urban

372
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373
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invest window. There is a triple P

374
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375
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project finance and also bridge loan and

376
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377
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urban challenge fund. These are

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379
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something which very bullish you know is

380
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381
00:07:34.800 --> 00:07:36.469
uh bullishness sentiment is coming for

382
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383
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this company. So how do you take this

384
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385
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and is this a long-term four to five

386
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387
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year story or how is it actually panning

388
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389
00:07:43.280 --> 00:07:44.469
out?

390
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391
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Yeah, I think this is the most relevant

392
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393
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question uh because in HUDCO we are

394
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395
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trying to repurpose the company the way

396
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397
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we were working only as a lending

398
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399
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institution now we are adding value to

400
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401
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our projects we are funding outcome

402
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403
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based kind of uh projects so the urban

404
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405
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challenge fund it's not one lakh cr it's

406
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407
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actually four lakh crores one lakh cr is

408
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409
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the subsidy amount which the government

410
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411
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of India will be extending to the states

412
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413
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for ulbs and the urban transformation so

414
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415
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it's a 25% subsidy from the government

416
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417
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of India and another one lakh crores has

418
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419
00:08:16.639 --> 00:08:18.309
to be arranged by the state government.

420
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421
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So that is 25% and 50% project the

422
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423
00:08:21.360 --> 00:08:23.189
balance 50% they have to create a

424
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425
00:08:23.199 --> 00:08:26.070
bankable project with this perspective

426
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427
00:08:26.080 --> 00:08:29.430
uh under this repurposing uh uh

428
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429
00:08:29.440 --> 00:08:33.269
initiative uh we had launched uh the

430
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431
00:08:33.279 --> 00:08:35.509
urban invest window uh it is under the

432
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433
00:08:35.519 --> 00:08:38.230
guidance of MA we had launched this here

434
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435
00:08:38.240 --> 00:08:40.149
there are three objective of this urban

436
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437
00:08:40.159 --> 00:08:42.389
invest window which are long-term you

438
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439
00:08:42.399 --> 00:08:44.630
can say uh initially we are starting

440
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441
00:08:44.640 --> 00:08:47.190
with creation of the project under UCF

442
00:08:47.190 --> 00:08:47.200



443
00:08:47.200 --> 00:08:49.350
that is urban challenge fund. Uh we will

444
00:08:49.350 --> 00:08:49.360



445
00:08:49.360 --> 00:08:51.110
be identifying the assets. We will be

446
00:08:51.110 --> 00:08:51.120



447
00:08:51.120 --> 00:08:53.350
analyzing the accounts, income,

448
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449
00:08:53.360 --> 00:08:55.829
expenditure, profit loss of the ulb,

450
00:08:55.829 --> 00:08:55.839



451
00:08:55.839 --> 00:08:58.070
rating of these ulbs and creating a

452
00:08:58.070 --> 00:08:58.080



453
00:08:58.080 --> 00:08:59.910
bankable project. It may be a

454
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455
00:08:59.920 --> 00:09:02.470
riverfront. It may be water, sanitation,

456
00:09:02.470 --> 00:09:02.480



457
00:09:02.480 --> 00:09:04.550
hygiene, all these kind of projects will

458
00:09:04.550 --> 00:09:04.560



459
00:09:04.560 --> 00:09:04.870
be

460
00:09:04.870 --> 00:09:04.880



461
00:09:04.880 --> 00:09:07.269
>> fair enough. Right sir, we are running

462
00:09:07.269 --> 00:09:07.279



463
00:09:07.279 --> 00:09:09.030
out of time, but it's always a pleasure

464
00:09:09.030 --> 00:09:09.040



465
00:09:09.040 --> 00:09:11.190
to have have you Sanjay G with us and

466
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467
00:09:11.200 --> 00:09:13.190
giving views on the company, the growth

468
00:09:13.190 --> 00:09:13.200



469
00:09:13.200 --> 00:09:15.509
outlook and also clearing some doubts on

470
00:09:15.509 --> 00:09:15.519



471
00:09:15.519 --> 00:09:17.430
the names and the operational way. It's

472
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473
00:09:17.440 --> 00:09:21.720
always a pleasure to talk with you. So,