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

Women will not be able to go to amusement parks in Afghanistan, Taliban ban

Women in Afghanistan will no longer be able to go to amusement parks. The Taliban have banned the

Weather Update: Mercury will rise in these areas before Holi, IMD predicts rain and snowfall in hilly areas

The weather started changing before Holi. The heat wave is being witnessed in most of the states

Hanuman Jayanti: Baba Mahakal appeared in the form of Hanuman in Bhasmarti, makeup was done with hemp and dry fruits.

In the world-famous Shri Mahakaleshwar temple today, on the full moon day of Chaitra Shukla Paksh

CM Yogi said - Corona is not completely over, will control the third wave before it arrives

The pace of corona seems to be slowing down in Uttar Pradesh. Corona cases have decreased continu

Israel: 'Because she was Jewish', Netanyahu angry at the silence of international organizations regarding atrocities on women

Israeli Prime Minister Benjamin Netanyahu has strongly criticized international organizations, wo

Bus accident in MP: search continues in the canal from 6 am, 51 dead including 5-month-old girl; Shivraj will reach the spot today

The direct bus accident has left many families with a never-ending deep wound. The death toll in

Tight security arrangements in the entire country before counting of votes, forces deployed at every nook and corner from Delhi-Mumbai to Srinagar

Only a few hours are left for the counting of votes for the Lok Sabha elections in 2024. Counting

Report: Apart from XBB, other forms of corona including Omicron disappeared, information found in the weekly review of INSACOG

Big changes are again visible in the coronavirus. Except for XBB, the rest of the forms of Corona

Persecution of Hindus in Bangladesh..., despite valid documents dozens of ISKCON members were prevented from going to India

Dozens of members of the International Society for Krishna Consciousness (ISKCON) were on Sunday

BJP leader said - Sita's life is like a divorcee: Education Minister in MP said - Earth split and mother merged, it's like suicide

Madhya Pradesh's Higher Education Minister Mohan Yadav compared the life of Mother Sita to the li