NYLIM Jacob Ballas invests Rs 200 cr in Marg Karaikal port

T.E. Raja Simhan Updated - May 02, 2012 at 06:46 PM.

A file photo of Marg Karaikal Port.

NYLIM Jacob Ballas India has invested Rs 200 crore by way of primary and secondary investments in Marg Karaikal Port for a minority stake.

The funds will facilitate the port to expand its capacity to 28 million tonne per annum from the present 21 MTPA.

IDFC and Ascent Capital have already invested in the port, which is located in Puducherry, says a company press release.

Published on May 2, 2012 07:12