Dredging Corporation of India bags Rs. 102-crore order from Bangladesh

Posted by Daily Shipping Times on 10-08-2017        Tweet

VISAKHAPATNAM - The Visakhapatnam-based Dredging Corporation of India (DCI), a miniratna public sector unit, has bagged two major orders recently, including one from Bangladesh.

The DCI recently bagged a Rs. 102-crore contract for dredging Pussur channel in Bangladesh. Earlier, it got an order from Mumbai port for maintenance dredging for Rs. 141.06 crore.

It is chartering vessels or forming joint ventures with reputed international companies to tap the global markets. It has also undertaken beach nourishment project in the city.

Divestment

The DCI has signed an MoU with Riyada Group of Companies in Bahrain to explore ventures in the Gulf.

The Centre has decided to take up disinvestment in the DCI, to further dilute its present stake of 73.47 per cent.

It has at present a fleet of 17 dredgers and is planning to acquire more.