Companies

Ennore Port to be renamed Kamarajar Port

PTI New Delhi | Updated on February 20, 2014 Published on February 20, 2014

Ennore Port in Chennai, one of the 12 major ports in the country, will now be known as Kamarajar Port. K Kamaraj was a freedom fighter and the architect of modern Tamil Nadu.

“The Cabinet has taken a decision to rename Ennore Port Ltd (EPL) as Kamaraj Port Ltd (KPL),” a source said after the meeting here.

The port, which started functioning in 2001, is a schedule B mini ratna company. The capacity of the port at present is 31 million tonnes (mt) and it has six berths, including three for coal and one for iron ore.

During the last fiscal, the port handled 17.88 mt of cargo. For 2013-14, the traffic throughput target for EPL stood at 24 mt.

Given the increase in traffic, EPL has targeted augmenting its capacity to about 37 mt by the end of the 12th Five-Year Plan, i.e. by March 2017.

The projects awarded for capacity augmentation in the port include development of an LNG terminal at an investment of Rs 4,512 crore and development of a container terminal entailing Rs 1,270 crore expenditure.

EPL has also proposed to raise Rs 500 crore by issuing tax-free bonds and mopped up Rs 123 crore on the first day of the launch on February 18.

The port has seen export of 4,49,720 automobile units till December by automobile manufacturers including Nissan, Ford and Ashok Leyland from Chennai, Toyota from Bangalore and Honda from Delhi.

Published on February 20, 2014
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