Dredging Corporation spurts on getting nod for strategic disinvestment of govt stake

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

28 Nov 2018 Evaluate

Dredging Corporation of India is currently trading at Rs. 370.50, up by 12.95 points or 3.62% from its previous closing of Rs. 357.55 on the BSE.

The scrip opened at Rs. 367.25 and has touched a high and low of Rs. 380.00 and Rs. 367.25 respectively. So far 45313 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. 286.60 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 380.00 and Rs. 347.20 respectively. The current market cap of the company is Rs. 1038.80 crore.

The promoters holding in the company stood at 73.47%, while Institutions and Non-Institutions held 9.38% and 17.15% respectively.

Dredging Corporation of India has received in-principal approval for disinvestment of Government of India's shares in the company. Ministry of Shipping communicated in-principal approval of Cabinet for strategic disinvestment of 100% Government of India shares in company in favour of a consortium of four ports, namely Vishakhapatnam Port Trust (as the consortium leader), Paradip Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust (now Deendayal Port Trust).

Government of India holds 73.47% of the Paid up share capital of the company of Rs 28 crore.

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

946.15 6.20 (0.66%)

04-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Shipping Corpn.	318.65
GE Shipping	1536.35
Dredging Corp	946.15
Seamec	1583.70
Shreeji Ship.Global	425.70
View more..

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