DICDL carries a Rs 318 crore liability for money the central corridor company spent on Dholera since 2008
Under the shareholders agreement, the central corridor company can recover what it spent developing the Dholera project before DICDL existed, and DICDL books that as a liability of Rs 317.95 crore covering the years from 2008-09 to 2024-25.
Confirmed by an official document: a government release, a filing, or the company's own published statement.
The obligation traces back to an audit observation by the Comptroller and Auditor General on the corridor programme's accounts for 2016-17. The amount fell during the year, from Rs 323.36 crore at 31 March 2024 to Rs 317.95 crore, after a reversal of Rs 5.42 crore.
The repayment terms are the interesting part. It is repayable only once surplus funds are available after basic infrastructure is developed, so there is no date and no schedule, and the table below prints the repayment date as unknown because there genuinely is not one.
Note 34: under clause 3.4.4 of the shareholders agreement, NICDCL, GIDB and GICC may recover project development expenditure they incurred on the Dholera project. NICDCL has incurred cumulative expenditure of Rs 31,794.76 lakh from FY2008-09 to FY2024-25, against Rs 32,336.48 lakh at 31 March 2024, after a reversal of Rs 541.72 lakh during FY2024-25. The liability arises from a CAG review-audit observation on DMICDC for 2016-17. It is repayable only once surplus funds are available after basic infrastructure is developed.
| What | Figure | Unit | As of | Status |
|---|---|---|---|---|
| Cumulative NICDCL expenditure booked as a liability | 317.9476 | INR crore | 2025-03-31 | CONFIRMED |
| Same figure at 31 March 2024 | 323.3648 | INR crore | 2024-03-31 | CONFIRMED |
| Reversal during FY2024-25 | 5.4172 | INR crore | 2025-03-31 | CONFIRMED |
| Repayment dateConditional on surplus funds; no date exists | UNKNOWN | UNKNOWN |
Last verified: 11 August 2026. Read the status column this way. CONFIRMED means the named document states the figure. REPORTED means a credible outlet states it and no document confirms it. TARGET means somebody is aiming at it. UNKNOWN means no source we hold gives it, and we would rather leave the row empty than fill it with an estimate.
Committed but unspent capital work at Dholera rose to Rs 341 crore
DICDL spent Rs 44.84 lakh on corporate social responsibility and left Rs 16.50 lakh unspent
Dholera's development company has had three managing directors since 2019 and no independent director
Everything we recorded in November 2025
Several of these documents are large PDFs on government portals that move without notice. Where a document has no stable deep link we cite it by its number and date so it can be found again. See the source register for what each document is and what we took from it.
If one of these links has moved or we have read it wrong, write to [email protected] and we will fix the entry and say so on the corrections page. For how we decide what counts as confirmed, see how we source and correct. For the full dated history of the region, see the Dholera timeline. For any term above you do not recognise, see the glossary.