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TPG stake in 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.

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TPG to buy a big stake in Karaikal Port for Rs 1000 cr

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.

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Cargo traffic up at three ports in south

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.

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Essar, TPG Capital in Race for Karaikal Port

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.

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Karaikal Port handles BHEL’s exports

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

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Karaikal Port tries to overcome debt problem

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

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The Port Paradocks

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,

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