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i-maritime News Service

M.A. Baskarachar to take over as Chairman of Ennore Port - 2012-12-03


M.A. Baskarachar, Deputy Chairman, Kandla Port Trust, is to take over as the Chairman of Ennore Port Ltd, according to industry sources.

The present Chairman S. Velumani demits office today, after six years in office.

When Velumani assumed charge as Chairman-cum-Managing Director on July 30, 2006, the port’s capacity was 15 million tonnes (MT) a year. It is now 30 MT a year.

During 2005-2006, the port handled 9.168 million tonnes of cargo. The port’s income was Rs 97.81 crore and the profit before tax was Rs 9.32 crore.

During the last financial year, the port handled 14.96 million tonnes. It registered highest income of Rs 250.26 core and a profit before tax as Rs 120.78 crore last fiscal, according to data from the port.

Source : Hindu Business Line