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Karaikal Port received its first
Gearless Panamax vessel in November, 2009 and became the first Commercial port on Tamil Nadu coast to do so. The port also has the distinction of being the only private port to export cargo belonging to power equipment major Bharat Heavy Electricals Ltd (BHEL), which
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So far the port has handled cargoes such as Coal, Pet coke, Raw sugar, Fertilizer, Cement, Project Cargo and construction materials. Containers and liquid cargo are soon to follow. On completion, the port will be capable of handling all types of cargo. Karaikal Port is also a hub for oil exploration
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Karaikal Port is a deep draft, all weather port. The current depth of 14.5 m allows for handling of
Gearless Panamax size vessels (up to 800000 MT). The final depth of 41.5 m will allow cape size vessels (up to 120000 MT) to call at the port. The lagoon type basin protected by breakwaters allows
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Karaikal Port became operational in April 2009 when it received its first vessel. Phase 1 comprises 2 Panamax size berths capable of handling 5.2 million MT of cargo per annum. The port has received over 1655 vessels since
Commercial Operations and has handled over 55 million MT of various cargo.
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In 2015, Edelweiss Asset
Reconstruction Company took over 97% of the port’s ₹1,800 crore bank debt, turned around operations, brought in management changes and started setting up an LNG terminal. Edelweiss also converted part of its debt exposure to equity and now holds 11% stake in the company.
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In May 2021, Adani Ports and
Special Economic Zone Limited is looking to buy Karaikal port in Puducherry at a valuation of ₹1,500-2,000 crore but multiple sources said that the deal is “not easy” to consummate given the ownership structure and the debt. In April 2023, APSEZ acquired the port.
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As MARG Infrastructures defaulted on the repayment of loans obtained by a consortium of banks headed by Indian Bank, the port left from the hands of the company and the pledged shares of the managing directors were transferred to the lead bank. In addition to the consortium of banks having a
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Karaikal Port project began with a Letter of
Interest issued by Govt. of Pondicherry for development of a port at Karaikal in September 2005. MARG Ltd. signed the concession agreement in 2006 and work began in February, 2007. Phase 1 was envisaged to be operational in Aug 2009.
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The port obtained rail connectivity in
January 2010 and its 3 railway sidings are connected to Trichy via Nagore. Karaikal Port regularly dispatches 4–5 rakes of coal as well as fertilizer every day.
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KPPL has partners in Ocean
Sparkle (marine operations) and PSTS (Stevedoring). Cargo evacuation is assisted by MARG Logistics, a sister concern of KPPL.
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activities and OSV/PSVs belonging to companies such a
Hindustan Oil Exploration Company (HOEC)and Reliance Petroleum regularly call at the port.
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controlling stock in KPPL, its promoter, Marg Ltd., owned 45% of the share control of the port administrator.
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Karaikal Port
Private Limited, Khezhavanjoor Village, T.R.Pattinam, Karaikal – 609602, India
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342:"Marg Constructions achieves financial closure for Karaikal Port Project"
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around 300 km south of Chennai Port and around 360 km north of
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The shoreline of the port is between 10° 50’ 56’’ N and 10° 49’ 44’’ N.
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Sep 2005 - LOI Issued by GOP for Port Development at Karaikal
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386:"For exports, BHEL chooses Karaikal port over Chennai"
317:"Adani Ports Completes Acquisition Of Karaikal Port"
192:(APSEZ) completed the acquisition of Karaikal Port.
229:Nov 2006 - Financial Closure for Phase 1 Achieved
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418:"Karaikal Port scores high on rail connectivity"
291:"Private Port at Karaikal begins its operations"
241:Apr 2009 – Karaikal Port Receives first Vessel
226:May 2006 - Received MOEF Clearance for Phase 1
364:"Karaikal Port receives first Panamax vessel"
235:Feb 2007 - Development for Phase 1 Commenced
27:Private port in Karaikal, Puducherry, India
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232:Feb 2007 - Final Tranche of Land Received
420:. hindubusinessline.com. 1 February 2010
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223:Jan 2006 - Concession Agreement Signed
366:. karaikalport.com. 28 November 2009
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394:. 28 November 2009. Archived from
165:) a private port developed by the
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489:Ports and harbours of Puducherry
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504:2023 mergers and acquisitions
163:Port de Karaikal privé limité
155:Karaikal Port Private Limited
62:Port de Karaikal privé limité
33:Karaikal Port Private Limited
238:Mar 2009 - Phase 1 completed
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188:On April 1, 2023,
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118:Gautam Adani
104:Headquarters
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402:28 November
370:28 November
348:14 November
57:Native name
483:Categories
456:79°50′46″E
453:10°50′17″N
424:1 February
113:Key people
295:The Hindu
183:Tuticorin
494:Karaikal
215:Timeline
196:Overview
179:Karaikal
76:Industry
326:20 July
167:Chennai
157:(KPPL;
143:Website
94: (
86:Founded
71:Private
301:6 June
185:Port.
169:based
159:French
80:Marine
278:Notes
175:India
131:APSEZ
124:Owner
426:2010
404:2009
391:Sify
372:2009
350:2006
328:2023
303:2018
177:in
96:2009
89:2009
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
