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.

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Real Estate

10 Apr 2026

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

Technology

10 Apr 2026

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..