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

Joe Biden: US President Joe Biden's difficulties may increase, government records recovered from the old office

US President Joe Biden may now be embroiled in a new controversy. The case of finding government

Income Tax: Benefit of up to Rs 17500 in the new tax system, these big changes from standard deduction to slab

The full Union Budget for the financial year 2024-25 was presented in the Lok Sabha on Tuesday. F

Vladimir Putin Visit to India: Russian President Putin will visit India on December 6, will meet PM Modi

Vladimir Putin Visit to India: Russian President Vladimir Putin will visit India on 6 December fo

IPL 2022 Rajasthan Royals vs Sunrisers Hyderabad: This may be the playing XI of both the teams, will Ashwin and Chahal be seen playing together?

IPL 2022 Rajasthan Royals vs Sunrisers Hyderabad: In the Indian Premier League (IPL), the match b

Prashant Kishor's prediction is visible due to these reasons, how BJP can remain in power for decades

After the BJP's defeat in the West Bengal assembly elections and the BJP's performance in the rec

IND vs AUS: WTC Final 2023 is left on the draw, so who will be the winner between India and Australia? Know what the rules say

The final match of the World Test Championship between India and Australia is to be played from J

Pakistan Smuggling Uranium: Packet recovered at UK's Heathrow Airport; There has been an allegation of selling the technology of nuclear weapons

All the major intelligence agencies of the world including America, Britain, and Israel were trou

Corona Update: After a steady decline in new cases, the number of active corona patients decreased to 2,554

188 new cases of coronavirus infection have been reported in India while the number of active cas

Naresh Tikait threatens, will set lives on fire, said in Meerut Kisan Panchayat – Tikait family is not like Vikas Dubey

BKU President Naresh Tikait, who came to the Kisan Panchayat at Urja Bhawan in Meerut, said that

'My phone was spied on by Pegasus', Rahul Gandhi said in Cambridge University - Democracy in India is in danger

Rahul Gandhi is on a UK tour these days. During this, the Congress leader has given a speech at C

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