Dredging Corporation of India Signs Rs 21,570.7 mn Fuel MoU With IOCL
ECONOMY & POLICY

Dredging Corporation of India Signs Rs 21,570.7 mn Fuel MoU With IOCL

On 16 April 2026 Dredging Corporation of India Limited (DCI) signed a memorandum of understanding with Indian Oil Corporation Limited (IOCL) for long term fuel supply to its dredging fleet.

The agreement, valued at Rs 21,570.7 mn, covers a period of five years and is intended to secure steady and reliable fuel provision for DCI operations across the country.

The MoU will support operational preparedness and ensure continuity of dredging services for major ports and national projects. Under the terms DCI will receive scheduled supplies to sustain its fleet and maintenance activities, reducing the risk of service interruptions during periods of market volatility. The partnership is expected to streamline logistics and planning for fuel procurement and storage across regional operational hubs.

The signing ceremony on 16 April was attended by senior officials from both organisations, including K. John Prasad, country head, institutional business, and Piyush Mittal, executive director and state head, from IOCL, and Capt. S. Divakar, managing director and chief executive, Capt. K. M. Choudhary, chief harbour officer and general manager business development, and B. Durga Prasad Babu, head of materials, from DCI. The memorandum was signed on behalf of DCI by B. Durga Prasad Babu and on behalf of IOCL by Nishant Gulati of the Vizag distribution office.

The collaboration was described by the organisations as a reinforcement of their long standing association and a shared commitment to operational excellence and reliability. By securing a long term supply arrangement during a period of energy uncertainty DCI will bolster its capability to deliver uninterrupted dredging operations nationwide. The partnership underscores the continuing role of public sector enterprises in maintaining stability and efficiency in critical sectors of the economy.

On 16 April 2026 Dredging Corporation of India Limited (DCI) signed a memorandum of understanding with Indian Oil Corporation Limited (IOCL) for long term fuel supply to its dredging fleet. The agreement, valued at Rs 21,570.7 mn, covers a period of five years and is intended to secure steady and reliable fuel provision for DCI operations across the country. The MoU will support operational preparedness and ensure continuity of dredging services for major ports and national projects. Under the terms DCI will receive scheduled supplies to sustain its fleet and maintenance activities, reducing the risk of service interruptions during periods of market volatility. The partnership is expected to streamline logistics and planning for fuel procurement and storage across regional operational hubs. The signing ceremony on 16 April was attended by senior officials from both organisations, including K. John Prasad, country head, institutional business, and Piyush Mittal, executive director and state head, from IOCL, and Capt. S. Divakar, managing director and chief executive, Capt. K. M. Choudhary, chief harbour officer and general manager business development, and B. Durga Prasad Babu, head of materials, from DCI. The memorandum was signed on behalf of DCI by B. Durga Prasad Babu and on behalf of IOCL by Nishant Gulati of the Vizag distribution office. The collaboration was described by the organisations as a reinforcement of their long standing association and a shared commitment to operational excellence and reliability. By securing a long term supply arrangement during a period of energy uncertainty DCI will bolster its capability to deliver uninterrupted dredging operations nationwide. The partnership underscores the continuing role of public sector enterprises in maintaining stability and efficiency in critical sectors of the economy.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Tiruchi Airport Handles over 20 t of Domestic Cargo in a Month

Tiruchi International Airport has handled more than 20 t of inbound and outbound domestic cargo since the facility was launched in late August. Outbound shipments have exceeded inbound volumes, with private carriers transporting goods to Chennai, Delhi, Bengaluru and Mumbai. The domestic cargo service began after the Bureau of Civil Aviation Security (BCAS), an independent department under the Ministry of Civil Aviation, granted clearance. The facility was introduced to give local businesses a faster route for sending goods to major domestic hubs, reducing their reliance on cargo routed throug..

Next Story
Infrastructure Urban

Gabriel India Forms Joint Venture with Forvia for Advanced Seating

Gabriel India, part of the US$2.6 bn Anand Group, has formed a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market. The partnership expands Gabriel India’s participation in vehicle systems as automotive architectures become more sophisticated and customer requirements evolve. The joint venture, named Faurecia Anand Seating India, combines Forvia’s global seating technology expertise with Gabriel India’s manufacturing capabilities, customer relationships and understanding of the Indian automotive market. Forvia will hol..

Next Story
Infrastructure Urban

Hical Technologies, Safran to Explore Rafale Systems Joint Venture

Hical Technologies has signed a Memorandum of Understanding (MoU) with Safran Aerosystems to explore establishing a joint venture for manufacturing complex systems for the Dassault Rafale programme in India. The Bengaluru-based precision electromechanical manufacturer said the proposed venture would support the production of advanced equipment for Rafale aircraft delivered under the Make in India initiative. The proposed operations would include complex fluid and fuel systems and related assemblies. The agreement is intended to expand the role of Indian industry in global aerospace and defence..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code