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EPL to raise Rs 500 crore via bonds

Ports & Shipping
August 1, 2013August 1, 2013
EPL to raise Rs 500 crore via bonds
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Ennore Port (EPL) plans to raise only Rs 500 crore through tax-free bonds instead of the earlier plan of mopping up Rs 1,000 crore. The port is awaiting government notification and it hopes that it would get the same in next two to three months. The port would use the amount raised through bond issue to acquire 700 acre land from the salt department adjacent to the port for future expansions and other activities.

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