Dredging Corporation of India (DCI) has emerged as the lowest bidder (L1) for a three- year dredging contract from Mumbai Port Trust (MbPT). The project involves dredging of around 11 million cum at an estimated cost of Rs 141.06 crore for three years.
DCI had participated in the tender invited by MbPT for maintenance of dredging works from 2017-18. The company stood as lowest bidder in a stiff competition with an international company at a cost of Rs 83.998 crore.
DCI is the premier dredging company in India and is the only PSU company offering dredging services. Established in 1976, the Company provides dredging and allied services to Ports, Indian Navy etc.