TAMP order is a bonanza for cash-strapped Mumbai Port Trust
Oil and Natural Gas Corporation Ltd (ONGC), weighed down by the government-directed acquisition of HPCL in 2018, is piling up further agony after the rate regulator for major port trusts approved a proposal brought by the Mumbai Port Trust to levy special way leave fees on ONGC pipelines passing through port limits and rent for a land parcel, including arrears of over Rs 220 crore.
The Tariff Authority for Major Ports (TAMP), the rate regulator for the 11 major port trusts, had separately ordered ONGC in October 2018 to pay arrears of Rs 173.69 crore to Mumbai Port Trust as wharfage compensation for transportation of crude oil and gas from the Mumbai High field to the Uran terminal through pipelines it had laid within the limits of the state-run port.
