HUDCO Partners with Jawaharlal Nehru Port for 5,000 Crore Infrastructure Upgrade:

In a major boost for India's maritime infrastructure, the Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to provide financial backing for port development projectsThe agreement, valued at an estimated ₹5,000 crore, will support both current and future infrastructure initiatives at the country's largest container port

The partnership was formalized by Sanjay Kulshrestha, CMD of HUDCO, and Unmesh Sharad Wagh, Chairman of JNPA According to a regulatory filing, the non-binding MoU aims to create a cooperative framework for financing and refinancing a wide range of port infrastructure projects. This move marks a strategic expansion for HUDCO, a Navratna public sector enterprise known for financing housing and urban infrastructure, into the critical port sector

The collaboration is expected to enhance the port's capacity, modernize facilities, and improve overall efficiency at a vital hub for India's international trade The Jawaharlal Nehru Port, located in Navi Mumbai, handles about half of India's total containerized cargo.

The announcement was made after market hours on Friday, which could put HUDCO's stock in the spotlight in the upcoming week. The company's shares closed at ₹226.85 on Friday, October 24, 2025.