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

Kuwait Fire: Bodies of 45 Indians brought from Kuwait to Kerala, Union Minister Suresh Gopi reached Kochi airport

The bodies of 45 Indians killed in the Kuwait fire have been brought to India. The bodies were br

CUET 2022: Now 12th marks are not necessary for admission in graduation, know everything about CUET exam

CUET 2022: The University Grants Commission i.e. UGC has given a big gift to the students of the

North Korea: South Korea said - North Korea fired another ballistic missile toward the eastern waters

South Korea's Joint Chiefs of Staff said on Friday that North Korea has fired a ballistic missile

Lockdown: hanged workers seeing hunger child, did not get enough food for 15 days

Due to lack of work in the lockdown, Pai-Pai got hanged from the laborer resident of Mohtaj Kakde

UK MP criticizes BBC for attacking PM Modi, alleges biased reporting

Lord Rami Ranger, a member of the House of Lords, called the Upper House of Britain, has strongly

I am a Christian, I will not salute the tricolor... Ruckus on the school principal's actions on 15th August

The principal of a government school in Tamil Nadu's Dharmapuri district had refused to hoist the

Now Uzbekistan has spoken – Indian cough syrup killed 18 children: given without medical advice, Gambia also made similar allegations

The Uzbekistan government has alleged that 18 children died in their country after being given co

Aryan Khan came out of jail on bail, but cannot do this work

Shah Rukh Khan's son Aryan Khan has been released from jail after three weeks in the Mumbai drug

Thalapathy Vijay fell at the airport; the actor was taken home in this condition amidst uncontrollable fans.

South Indian superstar Thalapathy Vijay has such a massive fan following that wherever the actor

Political turmoil in Pakistan: Former judge Azmat Saeed's name for caretaker PM, he was the one who sentenced Nawaz in the Panama case

Imran Khan was removed from the post of PM after the National Assembly of Pakistan was dissolved.

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