Marg setting up Fishing Harbour in Kanyakumari

Thebullishtrends: Marg Ltd has announced after the trading hours yesterday that it is setting up a Fishing Harbour on a Public-Private-Partnership model at Rajakamangalam Thurai in Kanyakumari, Tamil Nadu. The Company shall complete the project by 2010 through a Special Purpose Company already formed in the name of Rajakamangalam Thurai Fishing Harbour Private Ltd. A trust formed by the public of Rajakamangalam holds 51% stake in the Special Purpose Company. As per the agreement the fishermen shall have to give 10% of their catch to the Special Purpose Company for availing the services of the harbour which in turn shall sell to exporters or any other person. Marg Ltd share price closed on Wednesday at Rs.247.20(-Rs.13)