Power Finance Corporation Proposes Full Debt Underwriting for Vadhavan Port
PORTS & SHIPPING

Power Finance Corporation Proposes Full Debt Underwriting for Vadhavan Port

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.

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.

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Infrastructure Transport

Japan Int'l Cooperation agency eyes Vadhavan Port funding

Japan International Cooperation Agency (JICA) had initiated preliminary discussions with the Jawaharlal Nehru Port Authority (JNPA) regarding financing for the proposed mega port at Vadhavan near Dahanu in Maharashtra's Palghar district. This marked the second major lender expressing interest in the project.

Previously, the state-owned lender Power Finance Corporation (PFC) had proposed to fully underwrite the total debt amounting to Rs 272.83 billion for constructing the port. The port is designed to handle approximately 298 million tonnes (mt) of cargo annually, including 24.5 millio..

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Infrastructure Energy

Vedanta Secures $470 Million from Power Finance Corp for Energy Business

Vedanta Limited has successfully secured $470 million from Power Finance Corporation (PFC) to support its energy business. This strategic move underscores Vedanta's commitment to bolstering its energy portfolio and reinforces its position in the power sector.

The financing from PFC will enable Vedanta to invest in the expansion and modernization of its energy operations, enhancing efficiency and sustainability across its facilities. This infusion of funds comes at a crucial time as Vedanta aims to capitalise on emerging opportunities in the energy market and drive growth in its core bu..

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Infrastructure Transport

Power Finance Corporation to underwrite Rs 273 bn debt for Vadhavan Port

Power Finance Corporation (PFC) has expressed its willingness to underwrite the entire debt of Rs 272.83 billion for the construction of a mega port at Vadhavan near Dahanu in Maharashtra?s Palghar district.

They mentioned that if and when the deal is finalized, it would mark the largest debt financing for a port project in the country.

It was stated that the planned mega port would be designed to handle around 298 million tonnes (mt) of cargo annually, requiring an investment of Rs 762.20 billion.

During a meeting between R R Jha, Director (Projects) and his team from ..

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Infrastructure Transport

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..

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Infrastructure Transport

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..

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