Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company exclusively focused on the maritime sector, has formally commenced its lending operations, marking a significant milestone in the country’s evolving maritime finance ecosystem. The corporation approved loan sanctions of approximately ₹4,300 crore at its 51st Board Meeting held on December…
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Indian Railways Crosses 1 Billion Tonne Freight
Lead: Indian Railways has crossed the 1-billion-tonne freight loading mark in the current financial year, recording 1,020 million tonnes (MT) of cumulative loading as of 19 November. The milestone — fuelled by strong coal, iron ore, cement and container traffic — underscores rail freight’s growing role in India’s logistics and…
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SMFCL OKs ₹25,000 Cr Borrowing to Boost Maritime Growth
Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the Ministry of Ports, Shipping and Waterways, has approved an overall borrowing limit of ₹25,000 crore to finance an ambitious pipeline of maritime infrastructure projects, with ₹8,000 crore earmarked for the current financial year. Borrowing blueprint to unlock maritime investment The…