MARG Karaikal Port attracts equity investment of Rs 130 crore

27 Jun 2012

Standard Chartered Private Equity (Mauritius) II, by way of primary and secondary investments, has invested Rs 130 crore in MARG Karaikal Port for a minority stake. The primary subscription funds will be used for the MARG Karaikal Port expansion plans which will enhance the port’s capacity from 21 MMTPA to 28 MMTPA.

MARG Karaikal Port, a premier hi-tech 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 of Tamil Nadu. Its combination of strategic location, state-of-the-art equipments and world-class infrastructure makes it the port of choice for industries and businesses located in and around Central Tamil Nadu and beyond.

Karaikal Port is a subsidiary of Chennai headquartered MARG, one among India’s fastest growing infrastructure companies.

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