Ennore Port Ltd will sell tax-free bonds to raise Rs.1,000 crore by end of January to help pay for an infrastructure upgrade, according to M. Gunasekaran, general manager, finance.
The proceeds from the bond sale will be used to deepen the channel and berths, construct berths and jetties, buy equipment and build rail and road connectivity to the port, reports livemint.com.
The port will have to invest Rs.1,907.32 crore by 2015 to complete these infrastructure improvement projects.
[mappress]
Dredging Today Staff, December 18, 2012