- A new era for maritime trade: HUDCO to fund six port projects
- HUDCO investment set to accelerate port modernization
New Delhi – The MoU focuses on the planning, financing, and execution of a Maritime Iconic Structure in Mumbai, a landmark business and tourism hub celebrating India’s maritime heritage.•Visakhapatnam Port Authority (VPA): An MoU worth ₹487 crore aims at mechanization of berths, modernization under PPP mode, and operation and maintenance of liquid cargo facilities.•Paradip Port Authority (PPA): A ₹5,100 crore MoU has been signed to finance berth mechanization, new dock complexes, and container terminals, supporting PPA’s expansion to a 400 MMT capacity by 2030.•Syama Prasad Mookerjee Port, Kolkata (SMP-Kolkata): An MoU worth ₹3,000 crore will fund reconstruction and mechanization of berths, container terminals, and liquid cargo jetties under PPP models to strengthen eastern India’s maritime connectivity.
HUDCO has also recorded exceptional financial performance in recent years. In FY2024–25, the corporation achieved its highest-ever net profit of ₹2,709 crore, reflecting a 28% year-on-year increase, alongside 32.46% growth in revenue from operations. The loan book expanded by 34.72%, reaching ₹1,24,828 crore, supported by prudent financial management and strategic diversification into new infrastructure sectors.With this initiative, HUDCO cements its position as a key enabler of India’s maritime and infrastructure transformation—anchoring growth, connectivity, and global competitiveness along the nation’s vast coastline.
