The Port Department has received a sum of ₹ 12.86 crore as a concession fee and land lease charges from the Karaikal Private Port Limited as revenue for the financial year 2023-24. The department received the sum as part of the concession agreement signed between the Puducherry government and KPPL at the time of setting up the all-weather deep water …
With the ownership of Karaikal port set to change hands following the order approving the resolution plan of the Adani group by the National Company Law Tribunal, the government is exploring various options it has at its disposal to rework the 2006 concession agreement the territorial administration had entered with Marg Constructions Group of Companies, the developer and initial operator …
The nod given recently by Sri Lankan cabinet to the long-pending ferry service from Kankesanthurai in Jaffna to Karaikal in Puducherry has been received well by the trading community in the enclave of Puducherry Union Territory. The implication of the takeover of the Karaikal Port by Adani Ports and SEZ on the early operation of the cruise service is being …
