Dredging Corporation of India targets 12% growth
PORTS & SHIPPING

Dredging Corporation of India targets 12% growth

According to S Divakar, Managing Director and CEO of Dredging Corporation of India (DCI), the company is aiming for a 12 per cent growth and a turnover exceeding Rs 13 billion in the current financial year. To achieve this target, DCI plans to participate in new dredging tenders and venture into new markets, as stated by Divakar in an interview with PTI.

"In the fiscal year 2022-23, our turnover reached Rs 1,164 crore, which is the highest ever since the establishment of the company. Moving forward, we are now setting our sights on surpassing the new milestone of over Rs 1,300 crore in the ongoing financial year," Divakar mentioned.

When questioned about the factors contributing to the company's growth, Divakar emphasized that the scope of dredging activity in the country is projected to expand significantly in the coming months. The government's focus on deepening and widening navigational channels of major ports, as well as the development of inland waterways to enhance intra and inter EXIM trade, will play a vital role.

DCI is targeting new dredging projects at several ports, including Syama Prasad Mookerjee Port Authority, New Mangalore Port Authority, Mormugoa Port Authority, and Deendayal Port Authority. Additionally, the company aims to undertake dredging activities for the Inland Waterways Authority of India (IWAI).

"To adapt to the current market situation, we have requested our clients to review contracts signed years ago, as the cost of fuel and labour has significantly increased. These contract revisions, along with other initiatives, will undoubtedly contribute to the company's revenue growth in this financial year," Divakar explained.

Based in Visakhapatnam, Andhra Pradesh, Dredging Corporation of India Limited (DCI) provides dredging and related services to ports, the Indian Navy, fishing harbours, and other maritime organizations.

Also Read
Governor reviews NHAI projects in Himachal Pradesh
Pune ring road project nears completion


According to S Divakar, Managing Director and CEO of Dredging Corporation of India (DCI), the company is aiming for a 12 per cent growth and a turnover exceeding Rs 13 billion in the current financial year. To achieve this target, DCI plans to participate in new dredging tenders and venture into new markets, as stated by Divakar in an interview with PTI. In the fiscal year 2022-23, our turnover reached Rs 1,164 crore, which is the highest ever since the establishment of the company. Moving forward, we are now setting our sights on surpassing the new milestone of over Rs 1,300 crore in the ongoing financial year, Divakar mentioned. When questioned about the factors contributing to the company's growth, Divakar emphasized that the scope of dredging activity in the country is projected to expand significantly in the coming months. The government's focus on deepening and widening navigational channels of major ports, as well as the development of inland waterways to enhance intra and inter EXIM trade, will play a vital role. DCI is targeting new dredging projects at several ports, including Syama Prasad Mookerjee Port Authority, New Mangalore Port Authority, Mormugoa Port Authority, and Deendayal Port Authority. Additionally, the company aims to undertake dredging activities for the Inland Waterways Authority of India (IWAI). To adapt to the current market situation, we have requested our clients to review contracts signed years ago, as the cost of fuel and labour has significantly increased. These contract revisions, along with other initiatives, will undoubtedly contribute to the company's revenue growth in this financial year, Divakar explained. Based in Visakhapatnam, Andhra Pradesh, Dredging Corporation of India Limited (DCI) provides dredging and related services to ports, the Indian Navy, fishing harbours, and other maritime organizations. Also Read Governor reviews NHAI projects in Himachal PradeshPune ring road project nears completion

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?