Mr Thiru GK Vasan union minister of shipping has received a dividend cheque of INR 7.41 crores from Ennore Port Limited for the financial year 2010-11. The dividend cheque was presented to Mr Vasan by Mr Thiru S Velumani CMD of Ennore Port Limited. EPL has been paying dividend to government from the financial year 2008-09 and hence this is the third dividend payment to government.

During the financial year ended March 31st 2011, Ennore Port Limited has reported pre and post tax profit of INR 69.86 crores and INR 55.58 crores respectively as against INR 59.46 crores and INR 48.66 crores respectively reported in the previous year.

EPL has declared dividend of 20% on post tax profit which works out to INR 11.11 crores as against INR 9.73 crores paid as dividend in the previous year 2009-10. Government of India gets INR 7.41 crores and Chennai Port Trust gets INR 3.70 crores as dividend from EPL. The dividend tax will be INR 1.85 crores. The total cash outflow including dividend tax is INR 12.96 crores as against INR 11.39 crores paid in 2009-10.

Ennore Port is the only Major Port which is paying dividend to government as it is a Corporate Port.