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.
Parineeti Chopra is soon going to start a new chapter of her life with Aam Aadmi Party leader Rag
Does the Bangladesh government have a problem with Hindus or ISKCON, what is the matter?
The issue of the arrest of Chinmay Prabhu, associated with ISKCON in Bangladesh, has become so bi
For the past few years, the US has accused China of making developing countries more dependent on
Britain's Sunak government has reached an agreement with the European Union to resolve a trade di
Will Nitish play this game? Tejaswi and Bihar CM are coming to Delhi on the same flight
The results of the Lok Sabha elections have come. The NDA alliance has got 292 seats. On the othe
Putin preparing to erase Britain and America from the world map! complete plan
Russia-Ukraine War: The war between Russia and Ukraine has been going on for the last eight month
An FIR has been lodged against Gurpatwant Singh Pannu for threatening India vs. Pakistan in the I
14 November is Diwali on Saturday. But before this, due to pollution in many cities, the air has
A 15-year-old Hindu girl was kidnapped in Pakistan's Sindh province. The incident took place in H
Hrithik Roshan is in the headlines these days for the film 'Fighter'. This film, released on Janu
