Ministry of Ports, Shipping and Waterways

Timeline

1. 29 May2026
   Economy

   Sagarmala Finance Corporation plans India's first blue bond of up to Rs 1,000 crore¹²³

   Managing Director L. V. S. Sudhakar Babu told Reuters the Ports Ministry's lender plans a bond of up to Rs 1,000 crore, including a Rs 500 crore greenshoe, to fund maritime and coastal projects. Timing depends on market conditions and the tenor and coupon are not fixed.

   • Issue size up to Rs 1,000 crore (Rs 500 crore base plus Rs 500 crore greenshoe)
   • Advisers: Trust Capital, AK Capital and Tipsons
   • Company received an NBFC licence in June 2025
   • Existing term loans average 3.5 years against about 12 years on loans it disburses
2. 26 Dec2025
   Schemes

   Government notifies shipbuilding financial assistance and development schemes⁴⁵⁶

   The Ministry of Ports, Shipping and Waterways issued guidelines on 26 December 2025 (reported 27-28 December) for the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS), with a combined outlay of about Rs 44,700 crore under the National Shipbuilding Mission.

   • Ministry letter with guidelines dated 26 December 2025, reported 27-28 December
   • Schemes: SBFAS (corpus Rs 24,736 crore) and SbDS (outlay Rs 19,989 crore), together about Rs 44,700 crore
   • SBFAS support of 15-25 percent of vessel contract value
   • SbDS covers risk coverage, greenfield clusters and brownfield expansion
   • Shipbreaking Credit Note equal to 40 percent of scrap value

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Sources

1. Maritime Gateway (Reuters interview)
2. ESG News
3. India Shipping News
4. Ministry of Ports, Shipping and Waterways (official)
5. ETV Bharat
6. Marine Insight