HUDCO signs MoU with Vadhvan Port Project for funding new ports/PPP projects

Housing and Urban Development Corporation Limited (HUDCO) has recently informed exchanges that the company signed a Memorandum of Understanding (MoU) with Vadhvan Port Project Limited (VPPL), a joint venture between Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB). The MoU aims to explore and provide funding of up to Rs. 25,000 Crore for the development of new ports and Public-Private Partnership (PPP) projects by VPPL.

The agreement was signed by Shri M Nagaraj, Director (Corporate Planning) at HUDCO, and Shri Unmesh Sharad Wagh, I.R.S., Chairman & Managing Director of VPPL.

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In the exchange filing, the company shared, “Housing and Urban Development Corporation Limited (HUDCO), has signed a Memorandum of Understanding (MoU) on 21st January, 2025 with Vadhvan Port Project Limited (VPPL), a joint venture of JNPA (Government of India) and Maharashtra Maritime Board (MMB), an entity of Government of Maharashtra. Through this MoU, HUDCO shall explore and provide funds upto Rs.25000 Crore for development of new ports/PPP projects of VPPL.”