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.
World Food Safety Day 2021: Food is not only an effective fuel for the body but also for the economy
It was a long time ago when some friends of us together came up with the idea of setting up
IND vs. PAK World Cup 2023 Ticket: If you are thinking of enjoying the great match between India
A big revelation has been made when investigating the blast near Bansivala Sweets and CRPF School
Corona: bailout package may be announced soon, PM Modi can appeal for help
The central government may soon announce a bailout package to deal with the negative impact on th
Dera Premi Killing In Punjab: The law and order situation in Punjab is getting worse. Dera lover
This time, an amazing display of strength and bravery will be seen in the Republic Day Parade, in
British PM Boris Johnson Taken To ICU As Coronavirus Symptoms Worsen
डाउनिंग स्ट्रीट ने कहा है कि ब्रिटिश
Runway 34 early Rental on Amazon Prime Video: Rocking Star Yash's film KGF Chapter 2 was well rec
Gullak 3 Review: Gullak is a story of happiness and sadness and love with family, watch with family
Web Series: Gullak 3
Director: Palash Vaswani
Major Cast: Jameel Khan, Harsh Mayr
Union Minister of Commerce and Industry Piyush Goyal is on a six-day visit to San Francisco and L
