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Ennore, JNPT to raise Rs 10 bn tax-free bonds

Ports & Shipping
August 1, 2011August 1, 2011
Ennore, JNPT to raise Rs 10 bn tax-free bonds
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Ennore Port and Jawaharlal Nehru Port Trust (JNPT) will raise Rs 1,000 crore each through the issue of tax-free bonds by March 2012. Indian Ports Global, a company to be set up by the Ministry of Shipping, will raise another Rs 3,000 crore before the fiscal year 2011-12 ends. The company will be set up to invest and acquire stakes in overseas ports on the pattern of Dubai Port International and Singapore's PSA International.

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