The government is reportedly looking to sell a 51% stake in Dredging Corporation of India. The strategic stake sale should materialise by middle of the next fiscal year starting April 2017. A cabinet note has been prepared on this proposal and is being circulated among key ministries for comment. The government currently holds 73.47% of the company that provides dredging services to seaports, while state-run financial institutions hold another 13% stake.
Dredging Corporation of India is involved in maintenance dredging, capital dredging, beach nourishment, land reclamation, shallow water dredging, Project Management consultancy and Marine construction.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 319.65 |
| GE Shipping | 1525.10 |
| Dredging Corp | 954.45 |
| Seamec | 1556.90 |
| Shreeji Ship.Global | 424.65 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: