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Vizhinjam Port to mop up Rs 16 bn

Vizhinjam Port to mop up Rs 16 bn

In order to finance the development of the country's deepest port, Vizhinjam Port in Kerala is raising more than Rs 1,600 crore through bonds and institutional investors. Housing Urban Development Corporation and LIC could invest Rs 810 crore in the 5,000-crore project while the state government will float a bond issue for Rs 800 crore.

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