Financial Daily
from THE HINDU group of publications

Wednesday, March 28, 2001



Logistics | Next

Raman may be Ennore Port CEO

P. Manoj

NEW DELHI, March 26

MR M. Raman, an Indian Administrative Service (IAS) officer of Tamil Nadu cadre is tipped to become the chief executive officer (CEO) of Ennore Port Ltd (EPL), the first corporatised major port in the country.

The appointment of Mr Raman, which will be for a period of five years, was approved by the Appointments Committee of the Union Cabinet, Government sources told Business Line. The appointment now awaits a final clearance from the Prime Minister's Office ( PMO).

Mr Raman, is currently the Managing Director of New Tirupur Area Development Corporation Limited in Tamil Nadu.

EPL will have a eight-member board comprising three full-time functional directors, 2 part-time government directors and three part-time non-functional directors drawn from experts in various fields.

The Union Government which fully owns Ennore Port Limited has fixed a charge of Rs 120 per tonne for handling coal at the port by the Tamil Nadu Electricity Board (TNEB).

While clearing the revised cost estimates of EPL, the Cabinet Committee on Economic affairs (CCEA) had asked the Ministry of Shipping to fix the coal handling charges in such a way that the corporate port can support itself financially without any direct or indirect subsidy support from the Union Government.

However, the sources said that TNEB is not agreeable to the Rs 120 per tonne rate fixed by the Union Government.

The newly constructed Ennore Port was dedicated to the Nation by the Prime Minister, Mr Atal Bihari Vajpayee in February this year.

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