HUDCO and JNPA Ink ₹5,000 Crore Port Infrastructure Mega-Deal

The Housing and Urban Development Corporation (HUDCO) has signed an initial Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to collaborate on port infrastructure development projects worth ₹5,000 crore.

The non-binding MoU outlines cooperation in the financing, refinancing, and development of existing and upcoming infrastructure projects at JN Port. The partnership represents a strategic initiative to strengthen port infrastructure and aligns with HUDCO’s broader objective of supporting large-scale infrastructure financing across the country.

The agreement was signed by Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Sharad Wagh, Chairman of JNPA.

News by Rahul Yelligetti.