Dhamra Port pays Rs 73.48 cr revenue share to Odisha govt

Dhamra Port, a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd, today paid Rs 73.48 crore as revenue share of the port to the Odisha government.
Dhamra Port Company Ltd (DPCL) Director Santosh Kumar Mohapatra handed over a bank document of the amount to Chief Minister Naveen Patnaik at the state secretariat here.
The revenue share of Rs 73.48 crore covers the period since the commencement of operation of the port in May 2011 up to September 2014, DPCL officials said.
The company was allowed a moratorium till March 2016, but has started paying its revenue share ahead of the expiry of this period, they said.

As per concession agreement, Dhamra Port had to pay a share of five per cent of its total revenue earning to the state government, which would become eight per cent from the financial year 2016-17, and subsequently increase to ten per cent and 12 per cent. Thus the share of state government from the port would further increase in the coming years.
Dhamra Port had commenced commercial operations in May 2011. The Port has presently 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, were keen to expand the port into one of India's largest ports in the coming years, the officials added.