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 protest against the Agneepath scheme in Punjab is not taking its name to stop. Now the Punjab
After Jeth, the sky is raining fire in Ashadh as well. There is not much difference between morni
In Gujarat, a youth has started receiving threats after writing a post in support of Kanhaiyalal.
US ready to supply ventilators to countries in need, says Donald Trump
राष्ट्रपति डोनाल्ड ट्रम्प ने शुक्रव
The US has welcomed India's recent move to reduce tariffs on several American agricultural produc
The number of corona patients in the country has increased to 36 lakh 87 thousand 939. Within the
'Lotus' or 'Paw' will bloom again in Uttarakhand elections, whose promises have so much power
Four days before the voting, that is, on Wednesday, the Bharatiya Janata Party has released its m
Supreme court's big decision, it is necessary to get the consent of states for CBI investigation
The Supreme Court said that the consent of the state government is mandatory for a CBI inquiry un
Tension between India and Canada is at its peak. Meanwhile, insulting India has cost the Canadian
SC's clear statement on bulldozer action, said- Government power should not be misused.
The Supreme Court made a big comment during the hearing on the bulldozer action on Wednesday (13
