New Delhi: D Guhan has been appointed as Director (Finance) of Housing and Urban Development Corporation Limited (HUDCO), a PSU under the administrative control of the Ministry of Housing and Urban Poverty Alleviation. The appointment of Guhan as Director (Finance) of HUDCO has been approved by the Appointment Committee of Cabinet on December 27. Prior to this, Guhan was serving as Executive Director (Finance) in the same organisation.
Guhan was recommended for the post of Director (Finance) of HUDCO by a Public Enterprises Selection Board (PESB) panel on September 5. He was selected from a list of eight candidates, who were interviewed by the selection panel.
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HUDCO is a Miniratna PSU under the Ministry of Housing and Urban Poverty Alleviation. It is the premier techno-financing PSE, in the field of housing and infrastructure development in the country.
HUDCO started financing for the development of infrastructures in 1989. The priority was given for infrastructure facilities, including projects in the sectors of drainage, electricity, water supply, sewerage, solid waste management and roads in urban areas. Later, social infrastructure components like primary schools and playgrounds, hostels for working women, healthcare centres, police stations and jails, courts received the benefit of funding for a low cost.