Karaikal Port developed by Karaikal Port Private (KPL) is set to commence operation by Mar 2009. KPL is a Special Purpose Vehicle set up to take up the development of the Karaikal Port project under and is a subsidiary of Marg Construction. The work on the Phase I of the project consisting of development of two berths one for coal and another for general cargo each with a total handling capacity of 4 million tons per annum. The cost of the Phase I is about Rs 416 crore and the environment clearance for the same was obtained in May 2006 and the financial closure was achieved in Nov 2006.
The revenue to start flow from the first quarter of FY 2009-2010.
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