Adani Port ropes in Chennai Contianer Terminal head to run its container project

Ennarasu Karunesan, CEO of the DP World-run terminal at Chennai Port, will now be heading Adani's Ennore container terminal project

Ennarasu Karunesan, CEO and director, Chennai Container Terminal, run by DP World, would join the Adani Group and head the upcoming container terminal project at Ennore, near here.

While an Adani spokesperson refused to comment and Karunesan was not available for comment, source said initially he would head this project and later would be moved to Mumbai to take up a larger role in the group's port projects across the country.

Adani Ports and SEZ Ltd had signed an MoU with Kamarajar Port Limited (KPL), a miniratna public sector undertaking, to set up a container terminal at cost of Rs 1,270 crore. The company has floated a special purpose vehicle -- Adani Ennore Container Terminal Pvt.

Adani Ports had emerged as the highest bidder to build for the proposed container terminal. It offered a revenue share of 37 per cent beating DP World, which offered 27 per cent.