ASIA

Karaikal heads for second round funding

15 years ago

Karaikal Port Pvt Ltd is to undertake a second round of private equity funding to raise $50m, with Ascent Capital Advisors India already undertaking due diligence.

The port commenced operations in May 2009 and handled 4.75m tonnes last year at two berths. An additional two berths will enter operation in September and funding is being sought to fit these out.