THEBUSINESSBYTES BUREAU NEW DELHI, NOVEMBER 22, 2025 Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the Ministry of Ports, Shipping and Waterways, has set the stage for a major push in India’s maritime infrastructure financing with the approval of an ambitious borrowing plan worth ₹25,000 crore. The decision, taken at the Corporation’s Annual General Meeting, marks a significant step ...
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Tag Archives: Sagarmala Finance Corporation Limited (SMFCL)
Sonowal launches India’s first maritime-focused NBFC, marking a new era in sectoral financing
THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 26, 2025 In a landmark development for India’s maritime sector, Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), the country’s first Non-Banking Financial Company (NBFC) dedicated exclusively to maritime infrastructure and development. Formerly operating as the Sagarmala Development Company Limited, the corporation has been formally ...
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