
ABOUT US
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Parent Company
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About Us
Karaikal Port Private Ltd (KPPL) is a wholly owned subsidiary of MARG Ltd, a leading infrastructure and real estate developer along the Chennai IT corridor with interest ranging across various areas that include Residential Projects, Commercial Real estate projects, SEZs, Ports, Townships, IT Parks, Malls, etc.
The Government of Puducherry (GoP) sought participation of Private Sector in the development and operation of the Karaikal deep-water port project; concession for which was awarded to MARG Ltd. through a tendering process on a Build-Own-Transfer (BOT) basis. Concession Agreement between GoP & MARG Limited was executed on January 25, 2006. MARG Ltd. has incorporated a Special Purpose Company - Karaikal Port Private Limited - for implementation and operation of the Project.
The Karaikal port is being developed as a lagoon type harbour connected to sea by an entrance / access channel protected by short breakwaters. Phase - I of development, which was recently completed, comprises two berths - one each for coal and general cargo. An area of around 602 acres is covered by the port boundaries.
Technical study for Phase I was done by L&T Ramboll consulting engineers. Subsequently a, Techno-Economic Feasibility Report (TEFS) for Karaikal Port was prepared by i-maritime Consultancy Private Ltd. As per the TEFS, Karaikal Port is envisaged to have a total of 9 berths capable of handling 47 MTPA by 2016. The port is envisioned to be developed in 3 phases with the final phase getting operational in 2016.
Given the planned and existing efforts towards infrastructure development of Karaikal coupled with its healthy business and political environment, location advantage and envisaged state-of-the-art facilities, Karaikal port is poised to be the most strategic and efficient port on the Eastern coast of India.
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