Vadhvan Port Secures ₹30,000 Cr for Mega-Expansion.

The developers behind India's future largest port, Vadhvan Port Project Ltd., are gearing up to raise a substantial ₹30,000 crore ($3.5 billion) in debt. This significant fundraising initiative offers lenders a prime opportunity to invest in a cornerstone of Prime Minister Narendra Modi's ambitious infrastructure modernization plans.

Located just a few hours north of Mumbai, Vadhvan Port is seeking debt with maturities ranging from 15 to 20 years. The company is exploring both domestic and international markets to secure the necessary funds.

"We have started the process of raising debt, which will happen in two phases," stated Unmesh Sharad Wagh, chairman of the Jawaharlal Nehru Port Authority (JNPA). JNPA holds a controlling 74% stake in the project, with the remaining 26% owned by the Maharashtra Maritime Board.