Search results for: Ennore

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  • 31 July 2013

    Ennore Port Ltd in Tamil Nadu received 11 initial bids from private groups for the USD 210 million Ennore Port expansion program. Ennore Port is situated on the East Coast of India about 20 km north of Chennai Port along the coastline, in the State of Tamil Nadu. Ennore Port is the first Corporatised Major […]

  • 28 February 2012

    A Memorandum of Understanding (MoU) setting out the performance targets for 2012-13 for Ennore Port was signed between the Ministry of Shipping and Ennore Port Limited (EPL) in New Delhi today. Shri K.Mohandas, Secretary, Ministry of Shipping and Shri S. Velumani, Chairman and Managing Director, EPL signed the MoU. Ennore Port Limited, a Mini-Ratna Category-I […]

  • 5 October 2010

    Ennore Port is likely to approach the ministry of shipping for its approval for an Initial Public Offering (IPO) by the end of this month in a move to raise funds for business expansion. The decision was taken at an Ennore Port board meeting last month. The Ennore Port is the only corporatized major port […]

  • 1 October 2012
    Business & Finance

    Eredene Capital PLC, the AIM quoted investor in Indian infrastructure, announces that Bay of Bengal Gateway Terminal Private Limited (“BoB”), has withdrawn from the Ennore Project with immediate effect. Eredene and its consortium partners, who are shareholders in BoB, were unanimous in their decision to withdraw from the Ennore Project. Eredene has a 22% shareholding […]

  • 18 October 2012

    Ennore Port Ltd has announced plan to raise around Rs 1,000 crore through its tax-free bonds. The proposed plan should provide the additional funding for the implementation of some very important development projects. “We are ready for the issue (of tax free bonds), the ministry (Union Ministry of Shipping) has sent the proposal to the […]

  • 29 February 2012

    The Business Standard reports that Ennore Port Ltd is planning to raise around Rs 1,000 crore through tax-free bonds to support its expansion and infrastructure development. “We had approached the shipping ministry to raise the money through tax-free bonds and it, in turn, had asked the finance ministry’s nod and the Central Board of Direct […]

  • 21 January 2014

    Ennore Port Limited (EPL), Chennai and Ford India Private Limited have signed an agreement for export of Ford cars though the Ennore port for a period of 10 years. Speaking on the occasion the Union Minister for Shipping Shri G.K. Vasan said that this is a part of series of initiatives by the UPA government […]

  • 27 July 2011

    The Union Minister for Shipping, Thiru G.K. Vasan, reviewed the performance of Chennai Port at the Port premises in Chennai recently. He also conducted a joint review of the Port connectivity projects relating to Chennai and Ennore Ports viz. Chennai Ennore Port Road Connectivity Project and Elevated Port Link to Maduravoyal with the representatives of […]

  • 1 October 2012

    The pre-project activities for the construction of Liquefied Natural Gas (LNG) regasification terminal at the Ennore Port, are making significant progress. Mr. S. Velumani, the Ennore Port chairman and managing director, stated: “We will provide them land on the water front and dredge the berth area, but the construction works will be undertaken by Indian […]

  • 26 July 2013
    Business & Finance

    The second of its three 5,500 cubic meter trailer suction hopper dredgers will be commissioned today by the Dredging Corporation of India (DCI), reports According to DCI chairman-cum-managing director D K Mohanty, after the commissioning ceremony at Chennai Port this vessel will be sent to undertake a dredging program at Ennore Port. DCI already […]

  • 23 January 2019
    Business & Finance

    Indian Oil Corp (IOC) has introduced plans to commission its first liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu this month, local media reports.  Sanjiv Singh, IOC Chairman, said that the terminal is now complete and set to be commissioned after completion of dredging of the channel that will bring cryogenic ships […]

  • 9 January 2013

    The Finance Ministry has given its nod to three Shipping Ministry-controlled entities, Jawaharlal Nehru Port Trust (JNPT), Dredging Corporation of India (DCI) and Ennore Port, to collectively raise Rs 3,500 crore from tax-free bonds, reports Regarding this issue, P K Sinha, the Shipping Secretary stated: “For the first time, the Finance Ministry has approved […]

  • 23 October 2012

    Dredging Corp. of India Ltd, Ennore Port Ltd and Jawaharlal Nehru Port Trust, have been granted approval to sell tax-free bonds worth a combined Rs.3,500 crore this fiscal year, reports Jawaharlal Nehru Port has been allowed to raise Rs.2,000 crore, Ennore Port Rs.1,000 crore and DCI has been allowed to raise Rs.500 crore. According […]

  • 16 September 2011

    The shipping ministry has deferred its disinvestment plan for Ennore Port, Cochin Shipyard and Dredging Corporation of India (DCI) because… (timesofindia) [mappress] Source: timesofindia, September 16, 2011

  • 14 October 2010

    Ennore Port, India’s only corporatised major port, is in talks with the Centre for an initial public offer (IPO) to raise funds for its … (news) [mappress] Source: news, October 15, 2010;

  • 30 January 2012

    Nissan is considering the upcoming private Kattupalli port as an alternative to the neighbouring Ennore port for export of its cars…   By T. E. Raja Simhan (thehindubusinessline) [mappress] Source: thehindubusinessline, January 30, 2012;

  • 28 June 2010

    UK-based Eredene Capital Plc has won a bid in consortium to build and operate the Container Terminal at Ennore Port, Tamil Nadu. [mappress] Source: business-standard, June 29, 2010;

  • 18 August 2010

    Ennore Port Ltd (EPL), the country’s first corporate port owned by the Centre, is planning to raise around Rs 400 crore through private … By T. E. Narasimhan (sify) [mappress] Source: sify, August 18, 2010;

  • 22 July 2011

    The ministry of shipping plans to raise over 2,100 crore through tax-free bonds by September. The country’s only corporate port, Ennore Port… By Viraj Desai (economictimes) [mappress] Source: economictimes, July 22, 2011;

  • 26 May 2011

    Ennore Port will augment its anchorage facility to meet growing trade requirements. India’s first corporate port is currently equipped to ha… By S. Sujatha (deccanchronicle) [mappress] Source: deccanchronicle, May 26, 2011

  • 30 September 2011

    Ennore Port Ltd (EPL) has awarded a concession to the Bay of Bengal Gateway Terminal Pvt Ltd for developing a world class container terminal…   (business-standard) [mappress] Source: business-standard, September 30, 2011;

  • 31 December 2009
    Project & Tenders

    Propelling port expansion plans further, the Shipping Ministry will award a Rs 1,407-crore contract for building a container terminal at Ennore and another contract for a project at Vizag next week… Source:business-standard,December 30,2009; [mappress]

  • 18 December 2012

    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 […]

  • 20 December 2011

    Indian ports handled total cargo traffic of around 870 million tonnes in 2010-11. While the major ports handled 570 million tonnes, non-major ports handled around 34% of the total cargo at 300 million tones. Kandla, Vishakhapatnam, JNPT and Chennai handled 48.4% of the major ports’ cargo in 2010-11. Shri G.K. Vasan Union Minister of Shipping […]

  • 29 April 2013
    Business & Finance

    Due to the proximity to international maritime routes, transshipment of EXIM containers used to take place largely in foreign Ports like Colombo, Dubai, Singapore, Salalah. To arrest this trend, the Government has developed an International Container Transshipment Terminal (ICTT) at Vallarpadam in Cochin Port which is operational from February, 2011. Three Major Ports i.e. Chennai, […]

  • 18 February 2014
    Business & Finance, Equipment, Technology

    Ennore Port Limited has announced a plan to enter the debt capital market to raise funding for dredging, improve port connectivity and set up a coal berth. It will issue tax-free secured, redeemable non-convertible bonds. The bond issue aggregates up to Rs. 2,500 million, with an option to retain over-subscription up to Rs. 2,500 million […]