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POOMPUHAR SHIPPING CORPORATION LIMITED |
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COMPANY POLICY : |
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OBJECTIVES : |
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Apart from the general objectives enumerated in Clause III (A) to (C)
Memorandum of Association, the objectives of the Company and chosen to
pursue specifically are to: |
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a) |
move coal from ports in the east coast (Haldia, Paradip and Visakhapatnam)
to Chennai (Ennore), Tuticorin and other Ports in Tamil Nadu as might be
required to cater to the needs of Thermal Power Stations owned by TNEB and
other industries in the State; |
b) |
development of return cargo to Kolkata, special attention being paid to
movement of salt and cement from the Tamil Nadu Ports and |
c) |
participate in the trade between Indian and neighbouring countries. |
The Company operates
chartered vessels on "No Profit No Loss" basis and its own vessels on "Affreightment" basis on TNEB's Account. |
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ORGANISATIONAL SET-UP : |
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The affairs of the Company are managed by Board of
Directors consisting of the Chairman & Managing Director of Poompuhar
Shipping Corporation Limited, Principal Secretary to Government, Highways
and Minor Ports Department, Principal
Secretary to Government, Energy Department, Deputy Secretary to Govt. Finance Department,
Chairman, Tamil Nadu Electricity Board, Vice Chairman and Chief Executive Officer, Tamil Nadu
Maritime Board and Member (Accounts), Tamil Nadu Electricity Board. The
Chairman & Managing Director and other Directors of Poompuhar Shipping
Corporation Limited are nominated by the State Government. |
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