Dredging Corporation of India targets 12% growth

01 Jun 2023 CW Team

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

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..