Dredging Corporation advances on bagging contract worth Rs 88.51 crore at Cochin Port

Dredging Corporation Of India Ltd. | Shipping | Transportation & Logistics | BSE: 523618 | NSE: DREDGECORP

12 Jan 2018 Evaluate

Dredging Corporation of India is currently trading at Rs. 849.35, up by 23.55 points or 2.85% from its previous closing of Rs. 825.80 on the BSE.

The scrip opened at Rs. 843.40 and has touched a high and low of Rs. 856.65 and Rs. 840.00 respectively. So far 14,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 920.00 on 08-Jan-2018 and a 52 week low of Rs. 438.00 on 23-Jan-2017.

Last one week high and low of the scrip stood at Rs. 920.00 and Rs. 815.00 respectively. The current market cap of the company is Rs. 2,378.00 crore.

The promoters holding in the company stood at 74.38%, while Institutions and Non-Institutions held 10.86% and 14.76% respectively.

Dredging Corporation of India (DCI) has secured Rs 88.51 crore contract for dredging of channels and basins at Cochin Port through competitive bidding. The company has been carrying out the maintenance dredging works at Cochin Port continuously since 2011-12. Cochin Port invited global tenders for Maintenance Dredging for the year 2017-18 during August 2017 which is one of the major maintenance Dredging projects in India.

DCI participated in the bidding process. The Price bids were opened on January 11, 2018 and DCI stood as the lowest bidder with Rs 88.51 crore, thereby successfully retaining the work in its order book for next year. The dredging at Cochin Port is to be carried out throughout the year by deploying two dredgers. DCI is the only PSU in the dredging field in India and is securing all major contracts through open competitive bidding process.

Dredging Corporation of India 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.

Dredging Corp Share Price

953.25 5.00 (0.53%)

06-May-2026 09:44 View Price Chart

Peers

Company Name	CMP
Shipping Corpn.	317.00
GE Shipping	1528.20
Dredging Corp	953.25
Seamec	1572.25
Shreeji Ship.Global	425.40
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