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.

Other news

Afghanistan's condition under Taliban rule: 65 percent cut in the budget; 2,106 people were killed in one year

The Taliban government completed one year in Afghanistan. After the departure of the American arm

Presidential Election Result: The counting of votes continues, Draupadi Murmu moves towards a big victory with 1349 votes, knowing Yashwant Sinha's condition

Presidential Election Counting: The counting of the second round of the presidential election is

Manoj Kumar: 'A symbol of Indian cinema, patriotism was reflected in his films', PM Modi on the demise of Manoj Kumar

Actor and film director Manoj Kumar died at the age of 87 at Kokilaben Dhirubhai Ambani Hospital.

Dollar vs Rupee: Rupee falling due to the indifference of foreign funds, reached a record low of 79.11

In early trade on Friday, the Indian rupee has slipped to the lowest level of Rs 79.11 against th

Doda Encounter: Late night encounter in Doda forest, five including the Captain and SOG jawan sacrificed their lives, and the search operation continuesDoda Encounter: Late night encounter in Doda forest, five including the Captain and SOG jawan sacrifice

Terrorists are constantly trying to disturb the peace in Jammu and Kashmir. An encounter took pla

Customer Care Center: Good means of earning in villages, loan up to 1.5 lakh is available to start the scheme

If you are in a village and have two to four hours a day, then you can earn a lot. The customer s

Congress Vs BJP: Congress criticized PM Modi's speech in Parliament, saying- only talked about the past, nothing new.

Congress Lok Sabha Whip Manickam Tagore on Tuesday criticized Prime Minister Narendra Modi's spee

Hope for admission of students returned from Ukraine: Health Ministry writes letter to change license law, Medical commission may take decision tomorrow

Around 16,000 Indian medical students returning from Ukraine after the Russian attack are worried

These smartphones-tablet laptops and desktops were launched at Mobile World Congress, here is the complete list

MCW means Mobile World Congress has started. In this, different companies launch their products a

40 percent shortfall of fresh water by 2030: UN report

New Delhi, March 20 (IANS) Earth would face 40 percent shortfall of fresh water by the year 203