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Government may sell 51% stake in Dredging Corporation of India: Report

06 Mar 2017 Evaluate

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.

Dredging Corp Share Price

954.45 8.30 (0.88%)
05-May-2026 13:40 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 319.65
GE Shipping 1525.10
Dredging Corp 954.45
Seamec 1556.90
Shreeji Ship.Global 424.65
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