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Private Equity | 14 July 2011

Karaikal Port To Raise PE Funding

by Charmi Gutka
Karaikal Port To Raise PE Funding
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Karaikal Port Pvt Ltd is looking to raise private equity funding to expand capacity.

Karaikal Port located in Karaikal district of Puducherry is managed by Mumbai-based marine infrastructure firm Marg Ltd.

Marg was awarded a 30-year contract in 2006 by the Puducherry governement to develop a port at Karaikal with a capacity to load 47 MT of cargo from nine berths in three phases costing around Rs.3,300 Cr.

Transaction Reference: Livemint


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