The port was awarded under a build-operate-transfer contract by the Puducherry government to Marg group in 2006It has five berths and a container terminal. It can annually handle about 21 million tonnes of bulk cargo
2 min read9 Jul 2020Most of LNG terminals in India are located on the west coast, setting one up at Karaikal port, which is on the east coast, will undoubtedly turn around the port
2 min read12 Oct 2017Edelweiss ARC seeks to take over daily operations of Karaikal Port, Puducherry, from Marg Ltd and give it to its in-house turnaround team led by Sumanth Cidambi
2 min read27 Mar 2017Karaikal Port promoters refuse to give up management control to Shapoorji Pallonji
2 min read27 Oct 2016Indian Bank takes controlling stake in Karaikal Port; listed banks' NPAs surge by Rs1 trillion in December quarter
3 min read15 Feb 2016Funds from likely deal to provide partial exit to existing investors, repay debt, infuse capital into business
3 min read9 Feb 2016The sector, hit by falling exports, saw just one $25 mn investment in 2014 and two exits worth $1.6 mn in 2015
3 min read2 Feb 2016Private port on India's eastern coast is looking for help from a port owned by the government to spruce up its operations
4 min read24 Jul 2015TPG Capital will invest at least Rs1,000 crore to acquire stake from existing investors and promoters
3 min read15 Nov 2013Karaikal port project has a total investment requirement of `4,000 crore
3 min read24 Jun 2013The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared