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JNPT to give Rs 200 cr loan to Mormugao port

JNPT to give Rs 200 cr loan to Mormugao port

The loss-making Mormugao Port is to get fiscal aid of Rs 200 crore from the Jawaharlal Nehru Port Trust (JNPT). Mormugao Port will have to pay 10 per cent interest to JNPT on the loan. JNPT has cash reserves of over Rs 3,500 crore.