The Sagarmala Development Company Limited (SDCL) has been incorporated on 31st August 2016 under the Companies Act, 2013, after obtaining approval of the Union Cabinet on 20th July 2016. SDCL was set up under the administrative control of Ministry of Shipping with an initial Authorized Share Capital of Rs. 1,000 Crore and a Subscribed Share Capital of Rs. 250 Crore.
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