Dhamra Port Company Ltd which has been recently bought over by Adani Ports & Special Economic Zone from L&T Infrastructure Development Projects Ltd and Tata Steel Ltd for around 5,500 crore has turned the corner during the just concluded financial year. The company has posted cash profit of Rs. 15.81 crore on a total operating income of Rs.735.04 crore in FY14. The company had incurred a net loss of Rs.339.95 crore on a total operating income of Rs. 505.94 crore in FY13.
DPCL is a 50:50 joint venture (JV) between TSL and L&T IDPL. The port commenced commercial operations in May 2011 and presently has two berths, to handle about 27 million tonnes per annum (mtpa) of cargo comprising an import berth of 15 mtpa and export berth of 12 mtpa. The project also has 62.7 km long dedicated single line railway connecting Dhamra to Bhadrak.