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

B. Saroja Devi: Karnataka CM said- last rites will be performed with state honours, praised the personality of Saroja Devi

Karnataka Chief Minister Siddaramaiah shared a tweet on Monday on the death of B. Saroja Devi, ex

When and how to use nuclear weapons in Ukraine, Russian army officials are talking

Senior Russian military officials are now discussing when and how to use nuclear weapons in Ukrai

Delhi legislators meet President

New Delhi, March 27 (IANS) All the 70 Delhi legislators met President Pranab Mukherjee at the Ra

SAARC satellite's configuration to be finalised soon: ISRO

Sriharikota (Andhra Pradesh), March 28 (IANS) The configuration of SAARC satellite will be fina

Delhi Liquor Scam: A case will be filed against Kejriwal and Sisodia in a money laundering case, ED gets approval from the Home Ministry

Amid the Delhi Assembly elections, the troubles of Aam Aadmi Party convener Arvind Kejriwal and f

Finance Minister Sitharaman's relief package: All about convenient extensions of schemes?

वित्त मंत्री से एक पैकेज की घोषणा की

'Disaster snatched homes from people, state government should ensure security of temples'- Rahul Gandhi on Joshimath case

Rahul Gandhi Worry About Joshimath: Former Congress President Rahul Gandhi has expressed concern

Terrorism figures in Sushma's talks with Turkish minister

New Delhi, March 19 (IANS) External Affairs Minister Sushma Swaraj met her Turkish counterpart

Manmohan Singh paying for Congress sin: Javadekar

New Delhi, March 11 (IANS) Environment Minister Prakash Javadekar said on Wednesday that forme

BCCI responsible for the defeat, not Team India: In the last 1 year, our players played 120 matches + 76 days of IPL, tired of both body and mind.

Team India has got only defeat in the T20 World Cup so far. Both Pakistan and New Zealand gave bi

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