Dredging Corporation signs agreement for waterways work in NE region
PORTS & SHIPPING

Dredging Corporation signs agreement for waterways work in NE region

Dredging Corporation of India (DCI) has signed an agreement with the Inland Waterways Authority of India (IWAI) for the development and maintenance of a fairway on national waterways in the North Eastern region estimated to cost Rs 204.50 crore, the company said.

The scope of work includes the development and maintenance of a fairway width of 32 metres and depth of 2-2.5 metres for 3 years on national waterways in the North Eastern region by undertaking dredging, channel marking, and river training to ensure safe navigation of vessels, Dredging Corporation of India said.

The agreement was signed on Thursday by Captain S Divakar, Managing Director and Chief Executive Officer (additional charge), Dredging Corporation of India and Ashutosh Gautam, Member Technical, Inland Waterways Authority of India. The agreement marks the Dredging Corporation of India’s entry into the inland waterways sector.

The Visakhapatnam-based firm currently undertakes maintenance dredging, capital dredging, land reclamation, beach nourishment and project management consultancy for major ports, non-major ports, Indian Navy, fishing harbours and other maritime organizations.

Also Read
Panchakula administration plans to improve Morni's infrastructure
Govt plans to resist Hindustan Zinc's proposal to buy Vedanta assets

Dredging Corporation of India (DCI) has signed an agreement with the Inland Waterways Authority of India (IWAI) for the development and maintenance of a fairway on national waterways in the North Eastern region estimated to cost Rs 204.50 crore, the company said. The scope of work includes the development and maintenance of a fairway width of 32 metres and depth of 2-2.5 metres for 3 years on national waterways in the North Eastern region by undertaking dredging, channel marking, and river training to ensure safe navigation of vessels, Dredging Corporation of India said. The agreement was signed on Thursday by Captain S Divakar, Managing Director and Chief Executive Officer (additional charge), Dredging Corporation of India and Ashutosh Gautam, Member Technical, Inland Waterways Authority of India. The agreement marks the Dredging Corporation of India’s entry into the inland waterways sector. The Visakhapatnam-based firm currently undertakes maintenance dredging, capital dredging, land reclamation, beach nourishment and project management consultancy for major ports, non-major ports, Indian Navy, fishing harbours and other maritime organizations. Also Read Panchakula administration plans to improve Morni's infrastructure Govt plans to resist Hindustan Zinc's proposal to buy Vedanta assets

Next Story
Equipment

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Next Story
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App