
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.
China was careful in the report! Told to be ready for 'war' with America
Beijing: An internal report has warned that anti-China sentiment is at its peak globally. Accordi
After Yogi Adityanath took over the power of UP once again, preparations have started to change t
Telangana CM assures industry of non-stop power supply from May
Hyderabad, March 11 (IANS) Telangana Chief Minister K. Ch
Earthquake tremors were felt in America and Myanmar on Friday. Earthquakes occurred in New York C
Is India vs China the biggest conflict of the 21st century ?
If we look at the first six-seven months of the year 2020, the violent skirmish between the soldi
Tarek Fatah Died: Famous writer Tarek Fateh passed away, was ill for a long time
Famous writer of Pakistani origin Tariq Fateh passed away. He was running ill for a long time. He
India will face Bangladesh on Wednesday in Group 2 of the Super-12 of the ICC T20 World Cup 2022.
In the trends of the Haryana election results, the BJP seems to be getting a majority. According
There is a lot of anger in the whole country regarding the rape and murder of a trainee doctor of
SC: Mukesh Ambani's family will get Z+ security even abroad, Supreme Court gave instructions
The Supreme Court has directed Reliance Industries Chairman and Managing Director Mukesh Ambani a