HUDCO Partners with JNPA for Rs 5,000 Crore Port Projects

HUDCO has entered into an MoU with Jawaharlal Nehru Port Authority to explore collaboration on port infrastructure projects worth Rs 5,000 crore. The agreement aims to facilitate development, financing, and refinancing of existing and new port facilities. Sanjay Kulshrestha and Unmesh Sharad Wagh signed the MoU.

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has inked a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for a colossal Rs 5,000 crore to revamp and develop port infrastructure.

This non-binding agreement seeks to foster cooperation in both existing and upcoming infrastructure initiatives, focusing on the development and financial aspects, including refinancing, of port projects located at the Jawaharlal Nehru Port.

The accord was formalized with the signatures of Sanjay Kulshrestha, CMD of HUDCO, and Unmesh Sharad Wagh, Chairman of JNPA. HUDCO's expertise lies in financing housing and urban infrastructure projects.

(With inputs from agencies.)