Power Finance Corporation Proposes Full Debt Underwriting for Vadhavan Port

17 Apr 2024 CW Team

Power Finance Corporation (PFC) has put forth a proposal to underwrite the entire debt amounting to Rs 273 billion for the planned Vadhavan Port project. This significant offer reflects PFC's commitment to facilitating infrastructure development and underscores its confidence in the viability of the Vadhavan Port initiative.

The proposal by PFC to fully underwrite the debt for the Vadhavan Port project signals a major milestone in securing financing for the ambitious port development venture. The substantial financial backing provided by PFC is expected to bolster investor confidence and expedite the implementation of the project.

The Vadhavan Port project holds strategic importance in enhancing India's maritime infrastructure and strengthening its position as a global trading hub. The full debt underwriting by PFC demonstrates the government's resolve to accelerate infrastructure development and foster economic growth through strategic partnerships with financial institutions.

PFC's offer to underwrite the entire debt for the Vadhavan Port project reflects its role as a key enabler of infrastructure financing in India. By leveraging its expertise and resources, PFC aims to support critical infrastructure projects that contribute to the nation's economic progress and prosperity.

As the Vadhavan Port project progresses with the backing of PFC's debt underwriting, stakeholders anticipate significant advancements in port infrastructure, trade facilitation, and job creation in the region. The collaboration between PFC and the port authorities underscores the synergistic efforts to realize India's vision of becoming a maritime powerhouse in the global arena.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..