NYLIM Jacob Ballas India has invested Rs 200 crore by way of primary and secondary investments in Marg’s subsidiary Karaikal Port for a minority stake. The funds will facilitate the port to expand its capacity to 28 million tonne per annum from the present 21 MTPA.
Marg Karaikal Port, a premier, hi-tech, all weather port on the south east coast of India is notably the only all weather, deep water, multi commodity port between Chennai port and Tuticorin port and is strategically located in the middle of this 680 km coastline, which makes it the new gateway to the state Tamil Nadu.
