Dredging Corporation’s gains after new Trailer Suction Hopper Dredger joined fleet on March 5

06 Mar 2014

Dredging Corporation of India is currently trading at Rs. 227.50, up by 3.35 points or 1.49% from its previous closing of Rs. 224.15 on the BSE.

The scrip opened at Rs. 225.30 and has touched a high and low of Rs. 227.50 and Rs. 225.30 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 332.40 on 16-Aug-2012 and a 52 week low of Rs. 152.25 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs. 228.00 and Rs. 209.05 respectively. The current market cap of the company is Rs. 636.00 crore.

The promoters holding in the company stood at 78.56% while Institutions and Non-Institutions held 11.97% and 9.47% respectively. Dredging Corporation of India’s new Trailer Suction Hopper Dredger DCI Dr. XXI with 5500 Cu.M Hopper capacity has been delivered at Netherlands on January 23, 2014 and the vessel was inaugurated and joined the fleet on March 05, 2014.

With the addition of this dredger, the fleet of Trailer Suction Hopper Dredgers of the company is increased to twelve from the present eleven. The other fleet consists of three Cutter Suction Dredgers and one back hoe dredger.

Dredging Corporation of India is a pioneer organization in the field of dredging and maritime development. It is fully equipped to offer the complete range of dredging and allied services to the users in India and abroad and to provide vital inputs for the national development.

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