REC Ltd and Sagarmala Forge Alliance for Maritime Infrastructure Boost

REC Ltd has partnered with Sagarmala Finance Corporation Ltd to explore joint financing opportunities for India's maritime and allied infrastructure sectors. The agreement, signed by representatives from both organizations, aims to leverage their financial resources to accelerate development in port-led infrastructure and the blue economy.

REC Ltd and Sagarmala Finance Corporation Ltd have announced a collaborative venture to explore joint financing opportunities in India's maritime and related infrastructure sectors.

This strategic partnership is formalized through a Memorandum of Understanding between representatives from both organizations. The collaboration aims to harness the financial strengths of both entities to foster development in port-led infrastructure and advance India's blue economy.

Saraswathi, Executive Director of Infrastructure and Logistics at REC Ltd, and A C Nayak, Director of Finance at SMFCL, signed the agreement, emphasizing the pivotal role this alliance will play in accelerating infrastructural development.

(With inputs from agencies.)