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.

0 Like 0 Dislike
Previous news Next news
Other news

MiG-21 Jet Crash: MiG-21 fell on the roof of a house in Hanumangarh, Rajasthan, and two villagers died; the pilot safe

MiG-21 plane crash in Hanumangarh Rajasthan. An Indian Air Force MiG-21 aircraft crashed in Rajas

US Capitol Riot: Trump Wanted To Change Election Result From Capitol Hills Riots? Congress committee made many claims in the hearing

Former US President Donald Trump seems to be implicated in the riots that took place on January 6

Moto E40: This budget smartphone launched with triple rear camera and 5000mAh battery, know the price

Moto E40 Smartphone: Motorola has launched a new smartphone Moto E40 under its E series. The comp

Plans to increase salaries of 90 percent companies next year

In the latest survey of global professional services company Aon on the latest salary trends in I

Yemen: No ceasefire extended in Yemen, India expressed deep disappointment, Indian envoy to the UN said this

India has expressed deep disappointment over the non-extension of the ceasefire between the Yemen

Heavy rains again in Amarnath: 4 thousand pilgrims were evacuated, and the yatra was also stopped; On July 8, 15 pilgrims were killed in the floods.

The hills around the holy cave in Amarnath received heavy rains on Tuesday. This led to floods in

Al-Nassr : Ronaldo completed 500 league goals in his career, and delivered the ball inside the net four times within 40 minutes

Football star Cristiano Ronaldo scored four goals as Al-Nassr thrashed Al Waheda Club 4-0 in the

Weather Update: Cyclonic storm Hamoon becomes dangerous, alert of heavy rain from Bengal to Tamil Nadu; Know the condition of other states including Delhi-UP

Changes are being seen in the weather of many states of the country. Light cold continues in the

Ricky Ponting becomes a punishment for Virat Kohli and Rohit Sharma, every historical work creates obstacles!

Former Australian captain Ricky Ponting is counted among the legend batsmen of the world, in his

Ram Mandir: Water reached from 115 countries for construction, Defense Minister said - the whole world should contribute in Jalabhishek

Water has been brought from 115 countries for the construction of the Ram temple in Ayodhya. Defe

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash