Mahathi Cuddalore Port & Maritime to Develop Cuddalore Port.

The Cuddalore port is slated for significant development following the signing of a Memorandum of Understanding (MoU) today between Mahathi Cuddalore Port and Maritime Pvt Ltd and the Tamil Nadu Maritime Board. The agreement, which will see the private entity operate the minor port, was formalized at the Tamil Nadu Secretariat, with Tamil Nadu Chief Minister MK Stalin present.

Mahathi Cuddalore Port and Maritime Pvt Ltd, a special purpose vehicle (SPV), has been formed specifically for this endeavor. The Tamil Nadu Maritime Board had initiated the process in February, inviting expressions of interest from private companies to operate the port.

Hyderabad-based Mahathi Infra Services Pvt. Ltd (MISPL) was ultimately selected for the project, leading to the creation of the SPV. This partnership marks a crucial step in enhancing the infrastructure and operational capabilities of the Cuddalore port, promising to boost maritime activity and economic growth in the region.