
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.
The number of corona patients in the country has increased to 34 lakh 61 thousand 240. This is th
British PM Boris Johnson has been accused of failing to control the Corona epidemic and partying
There has been a tremendous decrease in the speed of corona in the country. This is an auspicious
Russia has launched a missile attack on the Ukrainian city of Vinnytsia. In this 23 people have d
Is the Ukraine crisis an opportunity for China to improve relations with India?
China is continuously praising India's stand on Ukraine through its official statements and media
Tigers in India: 1059 tigers have died in the country since 2012, know how many died in the state
Since 2012, 1,059 tigers have died in India. Madhya Pradesh is known as the 'Tiger State' and has
During the discussion on the address of Governor Anandi Ben Patel in the Assembly on Wednesday, s
Tripura Chief Minister Biplab Kumar Deb is once again embroiled in controversies. This time he ha
Why is sugar being sold in Pakistan for 100 rupees?
In recent months, the price of sugar in Pakistan has crossed Rs 100 per kg.
<
The ever-increasing cases of corona and its new variant Omicron in America have devastated the he