Ennore Port Ltd has paid Rs 40 crore to the Union Government towards dividend for 2012-13. The country’s only corporatised port has been paying dividend to the Government since 2008-09.
The Union Shipping Minister, G.K. Vasan, received the cheque for Rs 40 crore from M. A. Bhaskarachar, chairman-cum-managing director, EPL.
Bhaskarachar also handed over a cheque for Rs 20 crore to Atulya Misra, Chairman, Chennai Port Trust, which is a shareholder in EPL, says a press release issued by EPL.
For the financial year ended March 31, 2013, EPL reported a post-tax profit of Rs 173.37 crore against Rs 96.72 crore in the previous year. For 2012-13, it declared a dividend of 20 per cent (previous year it was 6.45 per cent) on equity share capital of Rs 300 crore. This works out to Rs 60 crore (previous year it was Rs 19.35 crore) as dividend.