New players bags govt-funded national highway projects
DP World, DPA and Nevomo Partner to Pilot MagRail at Deendayal Port
DP World has signed an agreement with Deendayal Port Authority (DPA) and European deep-tech company Nevomo to deploy India’s first magnetic propulsion system for bulk cargo and container movement at Deendayal Port. The pilot will use Nevomo’s proprietary MagRail Booster technology to demonstrate automated, low-emission rail operations within a live port setting. The MoU was exchanged in the presence of Shri Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, and H.E. Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, between Shri Sushil Kumar Singh, Chairman,..
Unifeeder, SMFCL Partner to Promote Green Coastal Shipping in India
Unifeeder, a DP World company, has signed a Memorandum of Understanding (MoU) with Sagarmala Finance Corporation (SMFCL), a Government of India enterprise under the Ministry of Ports, Shipping and Waterways, to develop and scale sustainable coastal and shortsea shipping services across India. The partnership aligns public sector financing with private sector operational expertise to strengthen India’s multimodal logistics ecosystem and advance its low-carbon maritime vision. SMFCL will leverage its Maritime Development Fund to design low-cost financing and credit-enhancement instr..
REC, SMFCL Ink MoU to Strengthen Maritime Infrastructure Financing
REC and Sagarmala Finance Corporation (SMFCL) have signed a Memorandum of Understanding (MoU) to collaborate on maritime and allied infrastructure financing. The MoU was signed during India Maritime Week 2025 in Mumbai. The agreement was formalised between Smt. Saraswathi, Executive Director (Infrastructure and Logistics), REC Limited, and Shri A. C. Nayak, Director (Finance), in the presence of Shri S. T. Selvam, Director (Projects), Sagarmala Finance Corporation Limited. The partnership aims to explore joint financing opportunities in critical maritime sectors, leveraging the finan..
