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
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.