HUDCO Signs MoUs with Paradip Port Authority, Visakhapatnam Port Authority, and Mumbai Port Authority During India Maritime Week 2025

HUDCO, a Navratna CPSE, has signed non-binding Memorandums of Understanding (MoUs) with Paradip Port Authority (PPA), Visakhapatnam Port Authority (VPA), and Mumbai Port Authority (MbPA) during the India Maritime Week 2025. The MoUs aim to cover the development, modernization, and upgradation of port and allied infrastructure through direct implementation or PPP mode. HUDCO will explore and provide funds up to Rs. 5100 Crore to PPA and Rs. 487 Crore to VPA for meeting their funding requirements. For MbPA, HUDCO will undertake the planning, designing, financing, and execution of the 'Maritime Iconic Structure' project in Mumbai.