Dredging Corporation of India (DCIL) has bagged contract worth Rs 2015.88 crore from Syama Prasad Mookerjee Port Authority (SMPA) for Maintenance Dredging in the Hooghly Estuary primarily in the shipping channel leading to Haldia Dock. The contract is for a duration of five years. The maintenance dredging is crucial for ensuring the navigability of the shipping channel, thereby facilitating smooth and efficient maritime operations in the region. The Hooghly Estuary is a vital waterway for maritime trade, and maintaining its depth is essential for the safe passage of vessels to and from the Haldia Dock.
DCIL, a leader in the dredging industry, has a proven track record of executing large-scale dredging projects with precision and efficiency. The awarding of this contract to DCIL underscores SMPA's commitment to maintaining high standards of maritime infrastructure and ensuring the seamless flow of trade through the Hooghly Estuary.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 300.30 |
| GE Shipping | 1422.75 |
| Dredging Corp | 1003.20 |
| Seamec | 1557.75 |
| Shreeji Ship.Global | 373.25 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: