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

Canada: Demand for action against Khalistani Pannu for supporting Hamas, Hindu Forum made this appeal to the government

Recently, Khalistani terrorist Gurpatwant Singh Pannu threatened similar attacks on India by supp

Bharat Jodo Yatra: 'Celebs got money for Rahul Gandhi's Bharat Jodo Yatra', Pooja Bhatt gave this befitting reply

Pooja Bhatt: Congress leader Rahul Gandhi's 'Bharat Jodo Yatra' has become a topic of discussion

Pictures of cheating don't reflect reality: Nitish

Patna, March 20 (IANS) Pictures carried by the media showing mass copying and cheating in schoo

Kejriwal wanted to give free flats to Rohingya, Center retaliated by showing the letter

The round of accusations and counter-accusations between Delhi and the central government on the

Captain Miller Trailer: Dhanush's 'Captain Miller' is full of high-voltage action, The actor's swag seen in the trailer

Captain Miller Trailer Released: Dhanush is an actor of South cinema, who is known for his explos

Pakistan: Afghan Taliban will help Pakistan in dealing with TTP extremists, Mullah Baradar assures

Pakistan is horrified by the recent spate of attacks by the banned terrorist organization TTP and

Kiccha Sudeep got corona: Kannada star, who was quarantined at home after the advice of doctors, Vikrant was busy promoting Rona

Kannada superstar Kiccha Sudeep is busy these days in the promotion of his upcoming film Vikrant

Weather Update Today: Forecast of rain in these states today and tomorrow, IMD told in which states the heatwave will prevail

Apart from Delhi-NCR, there has been a change in the weather after the rains in other areas. The

China came closer with this one promise of the Taliban, ready to give recognition, know-how is the relations between the two

Taliban has taken over Afghanistan. Every country is surprised by the speed with which the Taliba

PM Modi will address the 'India Mobility Global Expo 2024' program today, exhibitions will showcase India's potential

Prime Minister Narendra Modi will address an event of India's largest and first-of-its-kind trans

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