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.
West Bengal Violence Once again an incident of violence has come to the fore in the Hooghly distr
New Delhi, agency. Registration under the third phase of the Corona Vaccination Campaign will beg
In the last 24 hours, 13,166 new cases of the corona were found in the country, 26,968 patients w
The Patna High Court has once reprimanded the Bihar government amid Corona's increasing cases. Du
Horse and mule riders had a field day during Navratri! So many devotees visited Vaishno Devi.
During the ongoing sacred Sharadiya Navratri, a stream of devotion is continuously flowing at the
Election rallies and roadshows were banned till 31 January because of rising corona cases in the
Flipkart sale: huge discounts on Realme's smartphones, these companies are in competition
E-commerce platform Flipkart has started the Realme Days Sale from today. In this sale, which las
The Supreme Court on Monday dismissed the petition filed against the verses of the Quran Sharif.
Six accused denied bail in documents leak case
New Delhi, March 24 (IANS) A court here on Tuesday rejected bail applications of five corporate
To remain in the race for the IPL playoffs, Delhi Capitals will have to defeat the in-form team l
