The Union Minister of Shipping Shri G.K. Vasan was presented with a dividend cheque of Rs. 40 crores by the Ennore Port Limited (EPL) for the financial year 2012-13. The Chairman and Managing Director of the EPL Shri M.A. Bhaskarachar presented the cheque to the minister at a function in Chennai today.
Ennore Port Limited (EPL), a Mini Ratna Government of India Undertaking made a post tax profit of over Rs. 173 crores for 2012-13, against a profit of Rs.96.72 crores for the previous year. For 2012-13, EPL has declared a dividend of 20% on its equity share capital of Rs.300 crores. It has also paid a dividend of Rs. 20 crores to Chennai Port Trust, which is the only other share holder, besides the government of India, since 2008-09.
The minister while complimenting the EPL for enhancing its profitability has said that the port besides contributing to the national economy has been taking up Corporate Social Responsibility (CSR) activities in and around the city of Chennai.
Earlier, Shri Vasan undertook a review of the Ennore Port Limited and the Chennai Port Trust in terms of the traffic handled, on the status of modernization and capacity addition projects. He urged them to adhere to the timelines for achieving targets on performance indicators and on commissioning of port development projects.
The Chairman and Managing Director of the EPL also presented a cheque of Rs. 20 crores to the Chairman of the Chennai Port Trust, Shri Atulya Misra as its share of the dividend at this function
Ennore Port Limited (EPL), a Mini Ratna Government of India Undertaking made a post tax profit of over Rs. 173 crores for 2012-13, against a profit of Rs.96.72 crores for the previous year. For 2012-13, EPL has declared a dividend of 20% on its equity share capital of Rs.300 crores. It has also paid a dividend of Rs. 20 crores to Chennai Port Trust, which is the only other share holder, besides the government of India, since 2008-09.
The minister while complimenting the EPL for enhancing its profitability has said that the port besides contributing to the national economy has been taking up Corporate Social Responsibility (CSR) activities in and around the city of Chennai.
Earlier, Shri Vasan undertook a review of the Ennore Port Limited and the Chennai Port Trust in terms of the traffic handled, on the status of modernization and capacity addition projects. He urged them to adhere to the timelines for achieving targets on performance indicators and on commissioning of port development projects.
The Chairman and Managing Director of the EPL also presented a cheque of Rs. 20 crores to the Chairman of the Chennai Port Trust, Shri Atulya Misra as its share of the dividend at this function
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