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Dredging Corporation of India bags contract worth Rs 2015.88 crore

11 Jun 2024 Evaluate

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.

Dredging Corporation of India is engaged in providing the services of capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy, marine construction.

Dredging Corp Share Price

1003.20 26.55 (2.72%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 300.30
GE Shipping 1422.75
Dredging Corp 1003.20
Seamec 1557.75
Shreeji Ship.Global 373.25
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