Allotment only if port achieves 70% cap utilisation, gets environmental nod from MoEF, Green Tribunal

Amid speculation of stake sale by L&T, one of the promoters of Dhamara Port Company Ltd (DPCL), Odisha government has ruled out immediate allotment of land for the port's second phase expansion. Dhamara Port Company is an equal joint venture between the engineering giant and Tata Steel. "Allotment of additional land to DPCL for second phase development at this stage does not appear tenable. Further claim of additional land by DPCL shall be considered by the state government on the basis of a norm (thumb rule) being formulated”, G Mathi Vathanan, secretary (commerce & transport) - Odisha stated in a letter to Santosh K Mohapatra, chief executive officer (DPCL) of DPCL.