REC Ltd and Sagarmala Forge Alliance for Maritime Infrastructure Boost

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.