Shapoorji Pallonji Group is in talks with the promoters and private equity investors of Karaikal Port
FlashNews:
IIFCL Launches Strategic Document to Support Green Infra
REC Reports Record Half-Yearly Profit of ₹74.48 Billion
RAHSTA to submit policy recommendations to NHAI
Roads & Highways Builders book RAHSTA Expo
Are Projects facing a 90 percent barrier?
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
NBCC sells office/commercial space worth Rs. 14,800 Crore approx
RAHSTA Forum to kick off road and highway expo journey
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Land Pooling Sinks under Flip Flops!
Gods or Demi-Gods cannot prevent a stampede
RAHSTA to showcase cutting-edge road construction tech, says NCC Director
RAHSTA will drive road construction innovation: Sundaresan
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Tag: Karaikal Port
TPG stake in Karaikal Port
Private equity firm TPG Capital India is set to buy a majority stake in Karaikal Port. TPG has entered into a so-called exclusivity agreement with the port and will invest at least Rs 1,000 crore to acquire stake from existing investors and promoters. Reports say that the project is expected to be completed by 2018.
TPG to buy a big stake in Karaikal Port for Rs 1000 cr
US-based private equity (PE) firm TPG Capital India is set to buy a majority stake in Karaikal Port Pvt Ltd. TPG has entered into a so-called exclusivity agreement with the port and will invest at least Rs 1,000 crore to acquire stake from existing investors and promoters.
Cargo traffic up at three ports in south
Except Chennai Port Trust (ChPT), other ports in the vicinity-Ennore Port, Krishnapatnam Port and Karaikal Port – have handled cargo well for the 1st half of the present year, say media reports. During the period under review (April to September 2013), Ennore Port (EPL) registered 59 per cent boost in total cargo at 12.68 million tonne (mt) against 8 mt for the corresponding period.
Essar, TPG Capital in Race for Karaikal Port
To acquire a majority stake in Karaikal Port in Tamil Nau, Essar Ports and US private equity giant TPG Capital are in the fray to acquire a majority stake in
Karaikal Port. The port is a subsidiary of debt-ridden Chennai based Marg Group.
Karaikal Port handles BHEL’s exports
Karaikal Port, which is a new-generation green field port in Tamil Nadu, handles sensitive cargo of the state-run Bharat Heavy Electricals (BHEL), Tiruchi. The port first handled BHELÂ’s shipment of boiler components for two 135-mw Circulating Fluidised Bed Combustion boilers to New Caledonia, a French colony near Australia, in January 2010. BHEL despatched 14,000 tonn
Karaikal Port tries to overcome debt problem
According to media reports, Karaikal Port (KPPL) is finding ways to overcome its huge debt. Among the plans are refinancing or restructuring of debt or terminalisation of its port infrastructure. It is learnt that the port's projection of a sharp growth of traffic from items like fertilisers, crude or petroleum, and containers has not materialised. This is poss
The Port Paradocks
Cargo growth at Indian ports was subdued in 2011-12 with total throughput registering a 5 per cent year-on-year increase to 930 million tonnes,
Structural and tariff issues hampering port finance
IIFCL recently undertook takeout financing of a road and a port project, in the midst of much debate on this new form of finance involving underwriting an existing loan from another financial institution.
Indianised and inclusive
As MARG-owned Karaikal port is on its way to receiving takeout finance from IIFCL, the promoter of Chennai headquartered group is a busy man,
- 1
- 2