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

Backward Hindus on target of PFI: Home Ministry report - Rich Muslims will not support, conspiracy to side with SC / ST and OBC

The Popular Front of India (PFI) has prepared a plan to make India an Islamic nation by 2047. PFI

Ram Mandir: Modi's three-decade-old pledge will be fulfilled... the pledge was taken after seeing Ram Lalla in Janmabhoomi in the year 1992

Prime Minister Narendra Modi's three-decade-old vow will also be fulfilled with the consecration

Weather Update: North and Central India is in the grip of heat, know how the weather will be in other states including Delhi-NCR

Temperatures are increasing continuously in many parts of the country. In March this year, the fi

Petrol Diesel Price: Oil companies released the prices of petrol and diesel, know how much the prices were today

Even today, there has been no increase in the prices of petrol and diesel by the oil companies. I

Four arrested for cricket betting in Kolkata

Kolkata, March 30 (IANS) Four people were arrested here on Sunday in connection with a cricket b

Tilak Verma guilty of MI's defeat: Despite the good start of the team, he could score 8 runs, Umran's fastball also failed to play

The 65th match of IPL 15 was played between Sunrisers and Mumbai Indians. In this match, SRH won

Artificial Intelligence: Artificial Intelligence can be helpful in arbitration: Union Minister Kiren Rijiju

Union Law Minister Kiren Rijiju pitched for institutional arbitration, pointing out flaws in ad h

Kota Factory S 3 Release Date: ‘Secretary Ji’ shared the wrong math formula, Netflix was in a tizzy all-day

Not only film stars but now web series stars are also involved in some or the other trick to rema

"We Neither Created Virus Nor Intentionally Transmitted It": China Envoy

नई दिल्ली: चीन ने बुधवार को कहा कि उसन�

ENG vs NZ: Kane Williamson was ruled out of the second Test against England after being found COVID-19 positive

Kane Williamson Covid-19 Positive: The second Test match between England and New Zealand is to be