Schedule a Call Back
HUDCO, JNPA sign Rs 50 billion deal for port development
2025-10-29
In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure.
The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port.
The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Sharad Wagh, Chairman of JNPA.
HUDCO, known for its expertise in financing housing and urban infrastructure, will bring its financial and technical experience to support JNPA’s efforts to modernise and expand port operations, enhancing capacity and efficiency.
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
MbPA, Japan’s UR Explore Vision 2047 Collaboration
Mumbai Port Authority, under the Ministry of Ports, Shipping and Waterways, held discussions with Japan’s Urban Renaissance...
Brigade Challenges Revocation of Chennai Project Clearance
Brigade Group has challenged the revocation of the Environmental Clearance (EC) granted to its Brigade Morgan Heights residential project in Peru...
Hafele Expands Loox Range with New LED Strip Lights
Häfele has expanded its Loox lighting portfolio with the launch of a new range of LED strip lights designed for residential interiors and furnit...
