As of September 2026, SMFCL had sanctioned financing worth ā¹115.63 billion and disbursed ā¹51.07 billion across maritime projects, with more than half the sanctioned amount yet to be drawn as projects advance. India’s first dedicated maritime-sector non-banking financial company (NBFC), Sagarmala Finance Corp. Ltd (SMFCL), is targeting cumulative disbursals of ā¹602.05 billion by FY2031, as...
Tag: Shipbuilding
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SDHI Doubles Workforce, Targets 550 More Hires by FY2027
Scaled execution of ongoing projects is expected to generate at least 5,000 additional jobs over the next two to three years. Most of these will come through vendor and supplyāchain partners. Swan Defence and Heavy Industries Ltd (SDHI), Indiaās leading shipbuilding and heavy fabrication firm, has more than doubled its workforce over the past 18...
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SDHI Secures Svitzer Contract to Build Four Advanced TRAnsverse 3200 Tugs
The TRAnsverse 3200 tugs will run on biofuels, meet global emission standards, and feature advanced firefighting systems. Swan Defence and Heavy Industries (SDHI), Indiaās largest shipbuilding and heavy engineering company, has won a contract from Denmarkābased towage operator Svitzer to construct four advanced TRAnsverse 3200 tugs. Deliveries are scheduled to begin in early 2028. This...
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Porbandar Shipbuilding Cluster, Vadinar Repair Facility Get Government Nod
The approvals include a greenfield shipbuilding cluster on the western coast and financial support for one of Indiaās largest ship repair facilities. The Ministry of Ports, Shipping and Waterways (MoPSW) has accorded ināprinciple approval for a greenfield shipbuilding cluster in Porbandar district of Gujarat and a stateāofātheāart ship repair facility at the port town of...
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India Anchors $8 Billion Maritime Investment Wave
Bhavnagar event sees MoUs signed for new ports, shipbuilding clusters, green transport, and financing partnerships. Indiaās maritime sector is poised for a transformative leap, with potential investments totalling ā¹660 billion ($7.9 billion) inked at the recent āSamudra Se Samriddhi: Transforming Indiaās Maritime Sectorā event held on September 18 and 19 in Bhavnagar, Gujarat. According to...
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Cochin Shipyard Partners with HD Korea to Build Large Vessels, Invests Rs 18.7 Billion in Kochi Facility
CSL also signed a second MoU with Guidance, Tamil Naduās nodal investment agency, to catalyse the development of shipbuilding clusters and strengthen regional maritime infrastructure. Cochin Shipyard Ltd (CSL), Indiaās largest shipbuilding and maintenance facility, has signed a strategic memorandum of understanding (MoU) with HD Korea Shipbuilding & Offshore Engineering to advance long-term collaboration in...
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SDHI Signs ā¹42.5 Billion Shipbuilding Pact with GMB, Partners with SMFCL to Advance Maritime India Vision
Anchored in Maritime India Vision 2030 and the Amrit Kaal Vision 2047, the agreements signal a strategic leap in infrastructure, skills, and global maritime competitiveness. Swan Defence and Heavy Industries (SDHI), Indiaās largest shipbuilding and heavy fabrication firm, has signed two strategic memoranda of understanding (MoUs) aimed at accelerating the countryās maritime manufacturing ecosystem. Inked...
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Foundamental Launches Third Construction-Tech Fund, Deepens India Focus Amid Global Expansion
The Berlin-based venture capital firm aims to close Fund IIIāanchored in the broader project economy of construction and infrastructureāby the end of calendar 2025. Berlin-based venture capital firm Foundamental has announced the launch of its third fund, reinforcing its commitment to India and the Asia-Pacific region while expanding its global footprint across construction, infrastructure, and...
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Guidelines for evaluating tenders for shipbuilding
The Government has issued guidelines for evaluating and awarding tenders for shipbuilding, dry-docking and ship repair works for government departments or agencies including public sector undertakings.
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Leading Leader
Tushar Mehendale is Managing Director of ElectroMech Material Handling Systems. Over the last 35 years, ElectroMech has developed a strong dedicated workforce of more than 500, and since 1999, Mehendale has been leading this team.