Cochin Port Trust awards Rs 122.50 cr contract to Dredging Corp

21 May 2021 CW Team

Dredging service major Dredging Corporation of India (DCI) has acquired a yearly maintenance dredging contract worth Rs 122.50 crore from Cochin Port Trust.

The company told the media that the tender includes maintaining the channel and basin at Cochin Port from May 2021 to May 2022.

DCI has begun the dredging project at the port by deploying Dredge XV and Dredge VIII.

DCI is an Indian Government undertaking involved in the business of dredging. It is engaged in providing the services of maintenance dredging, capital dredging, beach nourishment, land reclamation, shallow water dredging, Project Management consultancy, and Marine formation.

The company recorded a net loss of Rs 25.61 crore in the third quarter (Q3) of FY21 as against a net profit of Rs 31.36 crore in Q3 FY20. Net sales grew from 27.9% to Rs 259.04 crore in Q3 FY21 over Q3 FY20.

On the Bombay Stock Exchange (BSE) the scrip shed 0.13% to currently trading at Rs 393. In the past month, the stock has added 14.03% while the benchmark Sensex has increased 4.46% over the same period.

Image Source

Also read: Adani secures dredging project at Kandla port

Also read: IHC Holland to share dredging tech with Cochin Shipyard

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..