Dredging Corporation Signs MoU With Colombo Dockyard

10 Apr 2026 CW Team

Under the agreement, both companies will provide comprehensive ship repair and dry-docking services for DCIL's fleet and will jointly explore shipbuilding opportunities, particularly specialised dredgers and offshore support vessels. The partnership contemplates retrofitting, maintenance and dry-docking to enhance lifecycle efficiency and reduce turnaround times. Technical collaboration and knowledge sharing are expected to strengthen regional maritime capabilities.

DCIL's managing director and chief executive officer indicated that the memorandum reflected a commitment to operational excellence, fleet modernisation and expanding regional partnerships while aiming to enhance lifecycle efficiency and to explore new shipbuilding avenues. Colombo Dockyard's chief executive described the collaboration as reinforcing the company’s position as a preferred maritime service provider in South Asia and as opening channels for technological exchange and sustainable growth. Both parties plan to leverage complementary strengths to offer cost-effective services.

The company reported a standalone net loss of Rs 246.3 million (mn) in the third quarter of fiscal year 26, against a net profit of Rs 160.6 mn in the same quarter a year earlier, as revenue from operations declined 14.9 per cent year on year to Rs 2,760.8 mn. Dredging Corporation of India provides integrated dredging services to ports, the Indian Navy and other maritime organisations. Market observers noted that the strategic tie-up could create new revenue streams while supporting fleet modernisation and regional cooperation.

Dredging Corporation of India (DCIL) shares rose after the company signed a memorandum of understanding with Colombo Dockyard PLC, marking a step in maritime cooperation between India and Sri Lanka. The stock advanced seven point four six per cent to Rs 902.10 as investors reacted to the tie-up. The memorandum aims to combine DCIL's dredging fleet and operational expertise with Colombo Dockyard's ship repair and shipbuilding infrastructure to deliver timely and cost-effective solutions. Under the agreement, both companies will provide comprehensive ship repair and dry-docking services for DCIL's fleet and will jointly explore shipbuilding opportunities, particularly specialised dredgers and offshore support vessels. The partnership contemplates retrofitting, maintenance and dry-docking to enhance lifecycle efficiency and reduce turnaround times. Technical collaboration and knowledge sharing are expected to strengthen regional maritime capabilities. DCIL's managing director and chief executive officer indicated that the memorandum reflected a commitment to operational excellence, fleet modernisation and expanding regional partnerships while aiming to enhance lifecycle efficiency and to explore new shipbuilding avenues. Colombo Dockyard's chief executive described the collaboration as reinforcing the company’s position as a preferred maritime service provider in South Asia and as opening channels for technological exchange and sustainable growth. Both parties plan to leverage complementary strengths to offer cost-effective services. The company reported a standalone net loss of Rs 246.3 million (mn) in the third quarter of fiscal year 26, against a net profit of Rs 160.6 mn in the same quarter a year earlier, as revenue from operations declined 14.9 per cent year on year to Rs 2,760.8 mn. Dredging Corporation of India provides integrated dredging services to ports, the Indian Navy and other maritime organisations. Market observers noted that the strategic tie-up could create new revenue streams while supporting fleet modernisation and regional cooperation.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Real Estate

05 May 2026

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Technology

05 May 2026

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..