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DCI bags Rs 102-crore order from Bangladesh

The state owned Dredging Corporation of India (DCI) has bagged 2 major work orders recently, including one from Bangladesh. The Corporation however tops the list in privatisation quota of the government during the current financial year.

The DCI recently bagged a Rs 102-crore contract for dredging Pussur channel in Bangladesh. It had it got an order from Mumbai port for maintenance dredging for INR 141.06 crore.

As part of diversification of business to improve its finances the Corporation is chartering vessels and forming joint ventures with reputed international companies to tap the global markets. It has also undertaken beach nourishment project in Visakhapatnam city.

The DCI has signed a memorandum of understanding (MoU) with Riyada Group of Companies in Bahrain to explore ventures in the Gulf. The corporation has a fleet of 17 dredgers and is planning to acquire more. The major ports look up to DCI for maintenance dredging projects.

The Central government has decided to take up disinvestment in the DCI, to further dilute its present stake of 73.47 percent.


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