RSS

Dhamra Port inks commercial agreement with Railways

04 Nov

The Dhamra Port Company Limited (DPCL), a wholly owned subsidiary of Adani Ports and Special Economic Limited (APSEZ), signed a Commercial Agreement with Ministry of Railways at its East Coast Railway Headquarters on Sunday at Bhubaneswar.

The agreement was signed by Subrat Tripathy, Director and Chief Executive Officer of DPCL and P.C.Sahu, Chief Commercial Manager, Freight Service, East Coast Railway, Bhubaneswar respectively.

Binayak Swain, Chief Commercial Manager, Bijay Kumar, FA & CAO and M.K. Misra, Secretary to GM as representatives of Indian Railways and Sajal Mittra, Head of Railways, APSEZ were also present on the occasion.

The Agreement accords the status of Non-Government Railways (NGR) to DPCL under the Indian Railway Act, 1989. This is the first of its kind NGR status granted in the State of Odisha and only the second one across India.

Non-Govt. Railway Policy promulgated by the Govt. Of India is of a recent concept by which Indian Railway encourage its strategic partners like Port & Industries to invest in creating additional Railway infrastructure as a result, the connectivity to hinterland can be extended to major Railway network.

Statistics say that at the time of Independence, India had a track length of 50,000 kilometres. After Independence, the country could manage an addition of nearly 20,000 Track kilometres only. Since Railway connectivity is crucial to the economic development of the country, the Government Of India came forward with a very ambitious plan under “Participatory Policy for Capacity Augmentation and Increasing Rail connectivity” in Public Private Partnership (PPP) mode.

DPCL, with help from the Odisha government, opted for the scheme and constructed 62.5 kms of Railway line. This is the longest ever Non-Govt. Railway System constructed by any private organization.

This association with the Indian Railways is in line with the Adani Group’s commitment to Nation Building. It will also help in fulfilling the great expectations of local people, industries and economic growth of state as well as the Eastern part of the country.

After acquisition by APSEZ, Dhamra Port is expecting to increase its capacity to more than 100 MMT per annum within a few years, by doubling the Railway line and completing its second phase of expansion.

Through this novel initiative, Dhamra Port shall be able to connect the major portion of Bhadrak district with National Railway Network.

Experts on the subject view that the success of the Dhamra Port in contributing towards the expansion of National Railways Network will set an example for other industries, mines and Port sector in coming forward to build more Railway Network in future days for the benefit of the country.

– See more at: http://www.prameyanews7.com/en/nov2015/odisha/5745/DPCL-inks-commercial-agreement-with-Railways.htm#sthash.6Ks9oW3J.dpuf

Advertisements
 
Leave a comment

Posted by on November 4, 2015 in Uncategorized

 

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: