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Dredging Corporation Of India Limited
Sector:Others Others - Miscella - Others
BSE:523618NSE:DREDGECORPBloomberg:DCIL@INReuters:DRDG.BO
Market Lot: 1Face Value: 10ISIN Demat: INE506A01018
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28-Jul-2017
Business Profile
Dredging Corporation of India, headquartered in Visakhapatnam, was established in 1976 in the public sector to provide dredging and maritime development services to the major ports of the country in India.

The company offers four types of dredging services, namely, maintenance and capital dredging, beach nourishment and reclamation. Currently, the company has 10 trailer suction dredgers which are used in the maintenance dredging works, and two cutter suction dredgers used in capital dredging works. The company is one of the stakeholders of Sethusamudram Ship Channel Project and has been alloted 13 million cubic metres dredging work on nomination basis.

The company being a MINI RATNA- CATEGORY-I enterprise, has enhanced autonomy with regard to capital expenditure, establishment of joint ventures, overseas offices, technology alliances, etc.



Financials
The company reported fall of 90.08% in standalone net profit on y-o-y basis to Rs 37.40 million, while total income declined 22.93% y-o-y basis to Rs 1.37 billion for the quarter ended March 2017.

Recent Developments
28-JUL-17
Dredging Corporation of India (DCI) has successfully bagged contract from Mongla Port Authority, Bangladesh for the capital dredging in Pussur Channel. The project involves dredging of around 3.88 million cubic metres to be completed within 15 months at a cost of Rs 1.02 billion.

12-AUG-13
Dredging Corporation of India announced that the third Trailer Suction Hopper Dredger - DCI Dr. XXI with 5500 Cu.M Hopper capacity has launched

29-MAY-13
Dredging Corporation of India announced on Wednesday that its board of directors has recommended dividend of 20% or Rs 2 paise a share for financial year 2012-13.

29-MAY-13
Dredging Corporation of India, or DCI, a miniratna Indian public sector unit engaged in business of dredging, reported a decline in standalone net profit for the quarter ended March 2013.

11-MAR-13
Dredging Corporation of India, provides integrated dredging services to India's major ports, non-major ports, shipyards and Indian navy and has been declared a mini ratna-category I public sector enterprise under the administrative control of the ministry of shipping (???MoS???),

11-NOV-11
Dredging Corporation Of India has posted net profit of Rs 98 million for the quarter ended Sept. 30, 2011 as compared to Rs 29 million for the quarter ended Sept. 30, 2010, representing an increase of 3.39 times

05-AUG-10
Dredging Corporation of India, engaged in providing dredging services to the major ports of the country has posted robust growth of 3.99 times in its net profit at Rs 157.6 million for the June 2010 quarter as against Rs 31.6 million for the June 2009 quarter.

07-MAY-10
Dredging Corporation of India (DCI), a government of India undertaking under the ministry of shipping, has signed an agreement with IHC, Dredgers BV, The Netherlands for design, construction and supply of 2 trailer suction hopper dredgers having capacity of 5,500 cu. m each at a total cost of Rs 9 billion.



Future Plans


In Brief

 
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