3. As seen from the record, lease was granted to the petitioner in the year 2012 for a period of three years and the lease period now comes to an end and, therefore, it is permissible for the respondents to go for fresh auction to award leasehold rights for further period. Merely because a person was successful in obtaining leasehold rights in the earlier auction, no right is vested him to ask further renewal of lease. Granting of lease is not dependent on the earning of profits or sustaining of loss during the lease period. When fishing operations depend on natural calamities, the leaseholder is conscious of such natural calamities and takes a risk. He cannot expect authorities to grant lease for one more term on the ground that he sustained loss or profit as granting of lease or renewal of lease is not contingent upon loss or profit. Since the lease granted to the petitioner was only for three years and lease period has come to an end, he cannot claim to continue or ask for renewal of lease. I, therefore, see no error in issuing lease notification for conducting of open auction to grant leasehold rights on the subject tank.