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

Ministry of Education: Board exam will be held twice, students of 11th/12th are not restricted to choosing stream

Big news for the students of senior classes in schools across the country. The central government

Gujarat: Gujarat High Court's big decision after the Morbi accident, ordered to survey of all the bridges in the state

After the horrific bridge collapse in Morbi, Gujarat, the Gujarat High Court ordered the Bhupendr

Chhath 2025: The festival of Chhath is desolate without Sharda Sinha, 'Bihar Kokila', who became immortal by singing her last song!

The great festival of faith, Chhath, is currently being celebrated across the country. The excite

69 thousand teachers recruitment: know how screw is stuck in 10 points, the appointment process hangs

Lucknow. The release for the Yogi Government's second largest assistant teacher recruitment exam

Delhi NCR Rain: Weather turned in Delhi-NCR, rains and strong winds at midnight

Delhi NCR received rain with strong winds on Monday (October 06, 2025). Earlier, the Meteorologic

Pakistani security forces killed 25 out of 35 terrorists, two commandos also died

Pakistan's security forces killed 25 out of 35 Islamist terrorists hiding in an anti-terrorist ce

Halal controversy after hijab: appeals to Hindus in Karnataka not to use halal meat; BJP general secretary called it economic jihad

After the hijab controversy that has been going on in Karnataka for the last several months, now

Imran Khan: 'Ghee is being sold for 600 billion rupees per kg in Pakistan', speaking on inflation, Imran Khan's tongue slipped. Videos

A video of former Pakistan PM Imran Khan is going viral on social media. In this video, he is tel

Iranian women took to the streets against the hijab: and publicly removed the veil in protest against the Islamic law, put the video on social media

Iran is one of the countries where wearing an Islamic hijab is mandatory for women. Iranian women

Christopher Nolan Oppenheimer: Cillian Murphy recited Bhagavad Gita to become 'Oppenheimer', know how the actor was impressed

Hollywood film 'Oppenheimer' has been one of the most awaited films to release in the year 2023 e