SMFCL Sets Rs 250 Bn Plan To Boost Maritime Finance

24 Nov 2025 CW Team

Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the Ministry of Ports, Shipping and Waterways, held its Annual General Meeting and approved a forward-looking roadmap to strengthen India’s maritime financing ecosystem. The Board sanctioned an overall borrowing limit of Rs 250 billion, with Rs 80 billion allocated for the current financial year. To meet this requirement, SMFCL will mobilise funds through major banks, financial institutions and bond issuances under its resource-mobilisation plan, enabling the Corporation to begin lending operations shortly.

SMFCL is currently in discussions with leading rating agencies. With a positive sector outlook and a strong project pipeline, the Corporation is expected to secure ratings in the apex scale, boosting investor confidence and helping reduce borrowing costs.

As part of its strategic vision, SMFCL has established a comprehensive financing framework covering the entire maritime value chain. Funding will extend to ports, port-connectivity projects, port-led industrialisation, coastal community development, coastal shipping and inland waterways, with a strong focus on vessel financing.

The Corporation is also set to support India’s shipbuilding ambitions by providing financial solutions that help expand domestic capabilities and strengthen the nation’s global competitiveness. To meet varied requirements across the sector, SMFCL will offer customised loan products to eligible public and private entities. These will include short-, medium- and long-term financing options, support for cash-flow mismatches and non-fund-based instruments.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..