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Dredging Corporation gains on emerging lowest bidder for dredging contract from MbPT

02 Aug 2017

Dredging Corporation of India is currently trading at Rs. 625.00, up by 4.35 points or 0.70% from its previous closing of Rs. 620.65 on the BSE.

The scrip opened at Rs. 628.00 and has touched a high and low of Rs. 628.40 and Rs. 623.00 respectively. So far 6,949 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 752.40 on 19-Jun-2017 and a 52 week low of Rs. 360.20 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 669.40 and Rs. 619.05 respectively. The current market cap of the company is Rs. 1,750.00 crore.

The promoters holding in the company stood at 73.47%, while Institutions and Non-Institutions held 12.37% and 14.16% respectively.

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.


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Dredging Corp Share Price

401.25 -6.10 (-1.50%) Jun 18, 18:03
1 Year Price Chart
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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