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 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..