Subhash Group, an Indian engineering, construction and project management companies, announced its maiden foray into the port sector, with an aim to convert the small shallow water port in Puducherry into a deepwater port to handle container, general, bulk and liquid cargoes.

The project cost is about Rs 2,100 crore with a mixture of equity and debt. A Special Purpose Vehicle "Pondicherry Port Ltd" (PPL) has been floated in this regard which is a 50:50 joint venture between Subhash Projects and Marketing Ltd (SPML) and Om Metals Infraprojects Ltd.


The port will be developed in four phases and will be completed by 2014. In all the port will have three container berths- one general cargo, one liquid cargo and one bulk cargo berth and a cruise terminal. It will provide direct and indirect employment to over 10,000 people.