+
DCIL bags maintenance dredging contract worth Rs 250 cr
PORTS & SHIPPING

DCIL bags maintenance dredging contract worth Rs 250 cr

The Jawaharlal Nehru Port Authority (JNPA) has awarded a yearly maintenance dredging contract worth Rs 250 crore to the Dredging Corporation of India Limited (DCIL).

According to a statement, JNPA awarded the maintenance of Mumbai and JNPA navigational channel to DCIL, including dredging of 20 million cu m plus or minus 20% yearly with the project cost of about Rs 250 crore per annum.

DCIL is a leading dredging organisation in India, providing dredging and allied services to major ports, minor ports, the Indian Navy, fishing harbours and other maritime organisations by deepening and maintaining the safety navigational channel for Export-Import (EXIM) activities.

DCIL is a listed dredging organisation in India under the consortium of four key port authorities, including Visakhapatnam Port, Paradip Port, Jawaharlal Nehru Port and Deendayal Port. It owns a majority shares of 73.47%.

The company told the media that the Ministry of Ports Shipping and Waterways had announced dredging guidelines in 2021 and emphasised major ports to award dredging contracts on a long-term basis.

It said that a long-term contract of three years had been awarded by JNPA. It will be an assured revenue to DCIL's top line amounting to Rs 250 crore per annum.

The company said that DCI is aiming at a record highest-ever turnover of Rs 1,000 crore for FY22-23.

Image Source

Also read: JNPA seeks to dismiss Adani Ports plea against tender disqualification

The Jawaharlal Nehru Port Authority (JNPA) has awarded a yearly maintenance dredging contract worth Rs 250 crore to the Dredging Corporation of India Limited (DCIL). According to a statement, JNPA awarded the maintenance of Mumbai and JNPA navigational channel to DCIL, including dredging of 20 million cu m plus or minus 20% yearly with the project cost of about Rs 250 crore per annum. DCIL is a leading dredging organisation in India, providing dredging and allied services to major ports, minor ports, the Indian Navy, fishing harbours and other maritime organisations by deepening and maintaining the safety navigational channel for Export-Import (EXIM) activities. DCIL is a listed dredging organisation in India under the consortium of four key port authorities, including Visakhapatnam Port, Paradip Port, Jawaharlal Nehru Port and Deendayal Port. It owns a majority shares of 73.47%. The company told the media that the Ministry of Ports Shipping and Waterways had announced dredging guidelines in 2021 and emphasised major ports to award dredging contracts on a long-term basis. It said that a long-term contract of three years had been awarded by JNPA. It will be an assured revenue to DCIL's top line amounting to Rs 250 crore per annum. The company said that DCI is aiming at a record highest-ever turnover of Rs 1,000 crore for FY22-23. Image Source Also read: JNPA seeks to dismiss Adani Ports plea against tender disqualification

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code