July 28, 2011 5:55 PM

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Ennore Port, JNPT to raise 2,000 crore rupees through tax-free bonds

The Shipping Ministry on Thursday said Ennore Port and Jawaharlal Nehru Port Trust will raise 2,000 crore rupees through the issue of tax-free bonds in the current fiscal. Speaking to reporters in New Delhi, Shipping Secretary K Mohandas said that Ennore Port and Jawaharlal Nehru Port Trust would raise 1,000 crore rupees each through tax-free bonds this fiscal. He said the proceeds from the bond issue would be utilised toward the development of the ports. Mr Mohandas unveiled the logo for India Maritime Week, scheduled for January next year.

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