July 29, 2014 1:59 AM ET

Construction and Engineering

Company Overview of The Dhamra Port Company Limited

Company Overview

The Dhamra Port Company Limited engages in constructing and operating ports. Its constructs ports on build, own, operate, share, and transfer basis. The company was incorporated in 1998 and is based in Bhubaneswar, India. As of June 23, 2014, The Dhamra Port Company Limited operates as a subsidiary of Adani Ports and Special Economic Zone Limited.

Fortune Towers

2nd floor

Chandrasekharpur

Bhubaneswar,  751 023

India

Founded in 1998

Phone:

91 67 4230 3829

Fax:

91 67 4230 3828

Key Executives for The Dhamra Port Company Limited

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Assistanr General Manager of Finance and Company Secretary
Assistanr General Manager of HR & Admin
Compensation as of Fiscal Year 2014.

The Dhamra Port Company Limited Key Developments

Dhamra Port Company Ltd. Appoints Subrat Tripathy as New Chief Operating Officer

Subrat Tripathy has taken over as the Chief Operating Officer of Dhamra Port Company Ltd. A 1988 batch officer of the Indian Railway Traffic Service, Tripathy quit the Railways to join DPCL. Earlier, the Railways had sent him on deputation to Paradip port where he served for five years — first as Deputy Chairman and then with the additional charge of the Chairman.

Adani Reportedly To Acquire Dhamra Port

Adani Ports and Special Economic Zone Limited (BSE:532921) may acquire The Dhamra Port Company Limited for INR 50 billion in a few months, sources reported. Dhamra Port, an equal joint venture between Tata Steel Limited (BSE:500470) and Larsen & Toubro Ltd. (BSE:500510), Talks between Adanis and Tata Steel and Larsen & Toubro have reached a point where the signing of the deal is just a formality, sources close to the development said. Dhamra Port, an equal joint venture between Tata Steel Limited (BSE:500470) and Larsen & Toubro Ltd. (BSE:500510), When contacted, the three companies involved in the proposed deal declined to comment. "Adani Ports people have already started working at the Dhamra Port," a source added. Another source said as per the Tata Steel and Adani Ports deal, Dhamra port could be valued at INR 50 billion.

Tata Steel Reportedly May Sale Stake In Group Companies To Tata Sons

Tata Steel Limited (BSE:500470) is looking at the option of stake sales in various group companies, including Tata Motors Limited (BSE:500570) to raise INR 72 billion or $1.2 billion, say bankers. Tata Steel owns 5.6% stake in Tata Motors, worth INR 50.14 billion at June 24, 2013’s close. Tata Steel also holds 0.7% stake in The Tata Power Company Limited (BSE:500400); 73.4% stake in The Tinplate Company Of India Limited (BSE:504966); 51% stake in Tata Sponge Iron Limited (BSE:513010); 54.5% stake in Tayo Rolls Ltd (BSE:504961); 32.5% stake in TRF Limited (BSE:505854); and 50% stake in The Dhamra Port Company Limited. Tata Steel might sell these stakes to its parent company, Tata Sons Limited, to raise funds for expansion (in Odisha) and repay high cost loans, bankers said. According to Business Standard, a company spokesperson declined to comment.

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No transactions available in the past 12 months.
 

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