DCIL Secures Rs 20.15 Bn Contract from SMPA

18 Jun 2024 CW Team

Dredging Corporation of India Limited (DCIL) has secured a significant contract worth Rs 20.15 billion from Syama Prasad Mookerjee Port Authority (SMPA) for the development of port infrastructure. The contract, spanning a period of five years, involves extensive dredging and infrastructure enhancement activities at the port.

Under the terms of the contract, DCIL will undertake crucial dredging operations to deepen and maintain navigational channels, ensuring smooth passage for vessels entering and exiting the port. Additionally, infrastructure upgrades will be implemented to enhance the port's operational efficiency and capacity.

The awarding of this mega contract underscores DCIL's expertise in maritime infrastructure development and its role in supporting India's port modernization initiatives. By collaborating with SMPA, DCIL aims to contribute to the enhancement of maritime trade and logistics capabilities, facilitating smoother cargo handling and increasing port efficiency.

The project aligns with India's strategic focus on boosting coastal shipping and port connectivity as part of the Sagarmala initiative. It is expected to bolster economic growth by improving maritime infrastructure and supporting industries reliant on efficient port operations.

DCIL, a premier dredging company under the Ministry of Shipping, Government of India, is committed to executing the SMPA contract with adherence to international standards of safety, quality, and environmental sustainability. The collaboration marks a significant step towards strengthening India's maritime infrastructure and reinforcing DCIL's position as a leader in dredging and maritime services.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..