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Cochin port in the red

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Cochin port is heading for a major financial crisis, with the accumulated losses touching Rs. 478.77 crore. The Centre has also slapped interest and penal interest on the financial aid of Rs.258.14 crore it had extended to the port from time to time. The port is now required to pay to the Centre Rs.263.53 crore as interest and Rs.715.34...

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