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

Afghanistan News: IS Khorasan wants to destroy the Taliban, China is also a reason behind this

Now two terrorist organizations are face to face in Afghanistan. The Taliban, which has captured

Yogi Adityanath: Two IPS officers transferred in the state, Azamgarh's Inspector General of Police sent to Lucknow

The round of transfers is going on in the state. Two IPS officers were transferred on Monday morn

Ahmedabad ready to host Commonwealth Games 2030: How did India get the hosting rights, when did the whole story begin?

Hosting the 2036 Olympic Games has always been a long-term goal for the Indian government. Ahmeda

Chor Nikal Ke Bhaga Movie Review: Hijacking increased the thrill of the heist story, speed loosened the screws

Chor Nikal Ke Bhaga Film Review In Hindi on Netflix: The theme of heist and hijacking in cinema h

European Union's warning to Elon Musk, Twitter can be banned in 27 countries for not following the rules

The European Union has threatened to ban Twitter. A top European Union official said on Wednesday

Vijay Rupani: The number of the first car and the years old scooter was '1206', the lucky number became unlucky for Vijay Rupani; know why he considered it auspicious

Former Gujarat Chief Minister Vijay Rupani also died in the Ahmedabad plane crash. 241 people on

IIFA 2022: Vicky Kaushal's 'Sardar Udham' bagged the most awards, 'Atrangi Re' at number two, see full list of winners

IIFA (International Indian Film Academy), the famous award for Hindi cinema, has released the lis

For the first time, a lesbian couple got engaged in the Bigg Boss house and locked lips on national television.

Bigg Boss is a controversial show that always captures people's attention for one reason or anoth

Why did Allu Arjun want to finish shooting for 'Pushpa' soon? The actor told the heart-touching reason

Telugu star and National Award winner Allu Arjun has recently completed the shooting of his most

Jinping does not like protests: pressure on 18 countries to improve their image, mostly poor African countries; Billions of rupees spent

A meeting of the Communist Party has been called in October to crown Xi Jinping as China's presid