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

Congress President: Has Ashok Gehlot dropped out of the race for the post of Congress President, know for whom the pitch is being prepared

Who will be the next President of the Congress Party? Will Rajasthan Chief Minister Ashok Gehlot

Steel Industry: Huge potential in steel industry, India will double production in 10 years, read what PM said

Prime Minister Narendra Modi on Friday said that India has become the second-largest steel indust

China-Taiwan Conflict: A team of eight member US lawmakers arriving in Taiwan on Thursday amid tensions with China, will meet with the President

Another team of US lawmakers is about to visit Taiwan amid tensions with China. Earlier in August

IND vs SL: What did not happen in 38 years and 149 ODIs was done by Rohit Sharma's team, they created history even without wanting to

The three-match ODI series between India and Sri Lanka has started in a very exciting way. The fi

Bareilly: The kite of Bareilly got cut in the political bets, how it is being ruined 'Hand of unemployed people

The song from the 1966 film 'Mera Saaya' may have brought fame to the city of Bareilly in Uttar P

Israel Iran Tension: Israel retaliated against Iran, with missiles fired, and explosions at the airport, report claims

Recently, Iran attacked Israel with missiles and drones. Now news has come that Israel

Iran raises Shia-Sunni point of view in attack on a mosque in Afghanistan

Iran has strongly condemned the blast during Friday prayers at a Shia mosque in the Afghan city o

IAS officer's death: Karnataka CID probe report on Monday

Bengaluru, March 22 (IANS) Karnataka will on Monday release a preliminary report on the finding

Sonam Raghuvanshi: Raj and Sonam will face each other today, both the accused have been brought to Shillong on remand; big secrets will be revealed during interrogation

Police have brought Sonam Raghuvanshi, the prime accused of killing her husband Raja Raghuvanshi

Virender Sehwag suggested how Team India's batting and bowling combination should be in T20 World Cup 2022

The ICC T20 World Cup is to be played in October-November this year and all the teams have starte