
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.
You must remember the video of Ranu Mandal's song that went viral on social media, which made Ran
The National Green Tribunal has ordered the Central Pollution Control Board and Delhi Pollution C
Milk Price Hike: Milk of Amul and Mother Dairy becomes expensive, new rates apply from today
The Gujarat Co-operative Milk Marketing Federation has increased the prices of Amul milk by Rs 2
Celebrations have started once again at Mukesh Ambani and Nita Ambani's house. Soon the 
Indian captain Suryakumar Yadav finally broke his silence on refusing to shake hands with Pakista
Threat of terrorist attacks in India, angered by advisory, Canada now advises its citizens
Canada has advised its citizens traveling to India not to go to the border states such as Punjab,
The land of Afghanistan was shaken by the earthquake on Wednesday. There was an earthquake of 6.1
Forbes List: Highest billionaire in India after America, China; Mukesh Ambani richest in Asia
New Delhi India has the highest number of billionaires after American and China. It has been said
A political battle has once again erupted between the Congress and the BJP over the GST. Senior C
Nupur Sharma has been strongly reprimanded by the Supreme Court for her controversial statement o