Realized / Partly Realized Investments

IDFC Project Equity

Karaikal Port Private Limited ("KPPL")

Sector: Transport Infrastructure – Ports
Stage: Brownfield expansion


Investment description

Karaikal Port Private Limited is a special purpose vehicle promoted by Chennai-based Marg Limited. The port has been developed under a 30 year BOT concession that was awarded in 2006 by Government of Puducherry. Located 320km south of Chennai and 360km north of Tuticorin on the coast of Puducherry, Karaikal Port is the only all-weather, deep water, multi commodity port between the ports of Chennai and Tuticorin.

Karaikal Port has an operational capacity of 15 million metric tonnes per annum (MMTPA) with five operational bulk cargo berths. This capacity is being ramped up to 21 MMTPA (Phase 2) by mechanizing a coal berth. Further augmentation of capacity up to 28 MMTPA (Phase 2 Extension) is proposed in the next phase by increasing mechanization and storage. Major industries located in the hinterland include cement, steel, paper, sugar and engineering. Owing to the region's non-proximity to domestic coal sources, Karaikal Port is expected to benefit from the significant addition in power generation capacity that Tamil Nadu is likely to realize in the next few years.

Marg Group, established in 1994, has business interests in infrastructure and real estate development. Its interest in infrastructure development spans across diverse sectors such as ports, ship repair yards, dredging, marine logistics, special economic zones (SEZs), airports, power and multi-level car parks. Marg Limited, the group's flagship company, is primarily engaged in the EPC space.

  IDFC Project Equity


maintained by bcwebwise