HUDCO has signed an initial pact with Jawaharlal Nehru Port Authority (JNPA) to collaborate for port infrastructure projects worth ₹5,000 crore.
In a regulatory filing on Friday, Housing and Urban Development Corporation Ltd (HUDCO) informed that it has signed a Memorandum of Understanding (MoU) with JNPA.
“The purpose of this non-binding MoU is to establish and initiate cooperation for exploring collaboration in existing and upcoming infrastructure development and financing & refinancing of port infrastructure projects at JN port for an estimated amount of ₹5,000 crore,” HUDCO added.
The MoU was signed by Sanjay Kulshrestha, CMD of HUDCO, and Unmesh Sharad Wagh, Chairman of JNPA.
HUDCO finances housing and urban infrastructure projects.