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.
Artificial Sun: This country is preparing to make "sun", know what will be the temperature
Artificial Sun Time: The Korean government is working on developing technology to make Korea's fi
The T20 World Cup has started. However, fans are eagerly waiting for June 9. On this day, a match
Winning six was best shot of my career: Elliott
Auckland, March 24 (IANS) New Zealand’s hero of the cricket World Cup semifinal Grant Ell
India Coronavirus Updates: The corona epidemic crisis continues. Corona cases have increased for
The 15th season of the Indian Premier League (IPL) will start in the last week of March. Before t
Your health will have a digital card always
Covid-19 has given many lessons to the world, including the need to rapidly analyze and use large
Former captain Kapil Dev has lashed out at the Indian team for the humiliating defeat in the seco
The world's first corona case was reported in China on 17 November 2019. Exactly 75 days after th
The dream of Indians living in America to get a green card was shattered again. In the House of R
Shraddha Kapoor is back with the sequel of the 2018 hit film 'Stree'. Amar Kaushik's directorial
