Cochin Port Trust awards Rs 122.50 cr contract to Dredging Corp
AVIATION & AIRPORTS

Cochin Port Trust awards Rs 122.50 cr contract to Dredging Corp

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

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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code