Maritime sector NBFC seeks fresh government equity and explores bond market funding to support long-term infrastructure lending.

Sagarmala Finance Corp Sanctions ₹10,881 Crore Loans Within Five Months of Launch.

Sagarmala Finance Corporation Ltd (SMFCL) has sanctioned loans worth ₹10,881.51 crore within five months of commencing operations, highlighting strong demand for maritime infrastructure financing in India. The NBFC has extended funding support to the Kerala Infrastructure Investment Fund Board and multiple Andhra Pradesh port development corporations, including Ramayapatnam, Machilipatnam, and Bhavanapadu ports. Of the sanctioned amount, significant disbursements have already been made for Kerala’s coastal road network and refinancing of Ramayapatnam Port loans. SMFCL Managing Director LVS Sudhakar Babu said the company has requested additional equity infusion from the government to expand lending capacity. The corporation is also considering issuing long-term bonds to address asset-liability mismatch issues caused by relying on short-term domestic loans while extending infrastructure financing with repayment tenures ranging from 10 to 17 years.