+
SMFCL Sets Rs 250 Bn Plan To Boost Maritime Finance
PORTS & SHIPPING

SMFCL Sets Rs 250 Bn Plan To Boost Maritime Finance

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code