Industry players feel that capital market investors and private equity funds have low appetite for investment in infrastructure sector because of inherent risks involved in such ventures. Poor appetite among investors for this sector is evident from the weak response to the bond issues of infrastructure companies. Ennore Port, Dredging Corporation of India and the Jawaharlal Nehru Port Trust (JNPT) received tepid respo
Tag: Ennore Port
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Kandla Port invests in bonds of Ennore Port
Kandla Port Trust is said to have invested Rs 20 crore in the tax-free bonds issued by Ennore Port, the entity that runs Ennore Port in Tamil Nadu. According to Kandla Port, the ministry of shipping asked it to subscribe to the bond issue of Ennore Port. The direction from the ministry came understandably because of the poor response from investors to the bond
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Ennore Port, JNPT raise funds via bonds
Ennore Port and Jawaharlal Nehru Port Trust (JNPT) are in the processing of raising funds through issue of tax-free bonds. While Ennore Port is raising Rs 1,000-crore through the bond, JNPT would raise Rs 2,000 crore. Ennore Port offers two categories of bonds: 10 year bonds bearing annual rate of interest of 7.01 per cent and 15 years offering 7.17
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Report calls for barge service between Chennai and Ennore ports
Recently, Union Shipping Minister GK Vasan released a pre-feasibility report titled ‘Logistics Collaboration between Ennore and Chennai ports’, prepared by the Confederation of Indian Industries (CII). The report calls for setting up a ‘marine highway’ to ferry containers by barges between Chennai and Ennore ports. The highway is intended to decongest the road highw
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Ennore Port takes steps to boost connectivity
Ennore Port is making efforts to develop allied infrastructure like road, rail connectivity in order to boost cargo handling at the port. As part of this effort, the port authority proposed a railway line connecting Ennore Port with Minjur in the first phase and then Minjur to Vandalur in the second phase. The Tamil Nadu government wanted to add pass
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Ennore Port to award terminal project soon
MA Bhaskarachar, CMD of Ennore Port informed that the port authority may award contract for its proposed container terminal project soon. The project has been divided into three phases and the first phase is expected to cost 1,400 crore. Recently, the port received 11 expressions of interest (EoI) from private port companies for the proje
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Ennore Port expects 14% rise in cargo volume
According to an official press release, cargo volume at Ennore Port may rise 14 per cent to an all-time record of 17 million tonne (mn t) in 2012-13 from 14.96 mn t in the previous financial year. The cargo volume handled by the port surpassed the target of 16 mn t fixed by the centre for the financial year 2012-13 on February 28. The target for the entire financial year was achieved one month prior to the close of the financial year
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JNPT files prospectus for Rs 20 bn bond issue
Securities and Exchange Board of India (SEBI) received a request from the Jawaharlal Nehru Port Trust (JNPT) to allow it to raise a maximum of Rs 2,000 crore through tax free bonds. Earlier, the union finance ministry allowed JNPT along with Dredging Corporation of India (DCI) and Ennore Port to raise collectively Rs 3,500 crore through tax free bonds
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EPL to make Puducherry Port its extended arm
Ennore Port (EPL) is in the process of making the Puducherry Port its extended arm and in this regard, the former would conduct a feasibility study for carrying out various projects at the union territory port. Officials of both the ports are holding discussion in this regard and it is learnt that the talks are still in preliminary stages. EPL plans to commission a feasibility report for dredging, modernizing and constructing berths at Pudu
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Ennore Port suggests use of land for rail link project
Ennore Port in Tamil Nadu suggested the state government to use a stretch of land for laying a rail link connecting the port to Nemilicheri, and eventually connecting the Chennai-Bangalore rail link. The 62-km ORR from Vandalur to Minjur is 125 m in width. A provision of 25 m had been made in the middle of the road for a possible railway link. Ennore Port suggested use of this space for constructing the