Dhamra Port pays Rs.74.48 cr to Odisha government

Posted on 14th Mar 2015 10:18 am by mohit kumar

Bhubaneswar, March 12 (IANS) Dhamra port, a subsidiary of Adani Ports and Special Economic Zone Ltd., paid Rs.73.48 crore as revenue share of the port to the Odisha government on Thursday.

Dhamra Port Company Ltd. (DPCL) director Santosh Kumar Mohapatra handed over a bank document of Rs.73.48 crore to Odisha Chief Minister Naveen Patnaik here, said a release of DPCL.

The money covers the period since the commencement of operation of the port in May 2011 up to September 2014, said DPCL sources.

The company was allowed a moratorium till March 2016, but has started paying its revenue share ahead of the expiry of this period.

As per the Concession Agreement, Dhamra Port Ltd. had to pay a share of five percent of its total revenue earning to the state government, which will become eight percent from the financial year 2016-17, and subsequently increase to 10 percent and 12 percent.

Thus, the share of the state government from the port will further increase in coming years. Dhamra port in Bhadrak district commenced commercial operations with two berths in May 2011.

The port has at present two berths for handling dry bulk cargo and has a 18-km channel with 17.5-metre draft for allowing smooth berthing of cape size and super cape size vessels.

The new promoters of the port, the Adani Group, are keen to expand the facility into one of India's largest ports in the coming years, said the release.

Other news

Taliban also started giving advice: Regarding Nupur Sharma's statement, said - Government of India should stop such fundamentalists from insulting Islam

There has been a ruckus in Islamic countries over the statement made by former BJP spokesperson N

Nirbhaya case: what is going on in the minds of the culprits, the secret may soon open

nirbhaya case: The Delhi High Court has directed the Tihar Jail Administration on the plea of ​

UP Chunav 2022: Why SP did not give a single Yadav candidate for 7 seats in Deoria, what is the strategy

Samajwadi Party (SP), which is working hard to form the government in the Uttar Pradesh assembly

President urges Indians to unite to end tuberculosis

New Delhi, March 23 (IANS) President Pranab Mukherjee on Monday urged all Indians to "work unite

India-Pakistan Ceasefire: Preparations to surround Pakistan in UN committee meeting, India will present evidence of the Pahalgam attack.

Pakistan is currently a temporary member of the United Nations Security Council, but this does no

Monsoon session of Parliament from today, there is a possibility of uproar: PM Modi said - whether the heat will reduce in the house or not, we will see; 32 bills to be brought

The monsoon session of Parliament is starting on Monday. Before the start of the session, Prime M

Pakistani players will not be able to play in Big Bash League, PCB refuses to give NOC

The Pakistan Cricket Board (PCB) has refused its players to play in the Big Bash League (BBL) sea

UP Govt Free Tablet Smartphone: Which students will get the benefit of the Uttar Pradesh Government's Free Tablet and Smartphone scheme? Register like this

Uttar Pradesh Government Free Tablet Smartphone: Before the UP assembly elections, the Yogi gover

IND vs ENG 1st Test: Rishabh Pant will make a historic start to the series! He can break Dhoni's 3 records in the first test itself.

Before the 5-Test series against England, the Indian team went through a period of major change.

Bigg Boss 19: Who got eliminated in Weekend Ka Vaar? Kunika left captaincy!

Bigg Boss 19's first Weekend Ka Vaar is always a blast. Salman Khan teaches a lesson to the conte