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You are here: Home » National News » Shipping» DCI bags INR 102-crore order from Bangladesh

DCI bags INR 102-crore order from Bangladesh

10 August 2017 | Visakhapatnam
 

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Dredging Corporation of India (DCI) has bagged 2 major orders recently, including one from Bangladesh.

The DCI recently bagged a INR 102-crore contract for dredging Pussur channel in Bangladesh. Earlier, it got an order from Mumbai port for maintenance dredging for INR 141.06 crore.

It is chartering vessels or forming joint ventures with reputed international companies to tap the global markets.

It has also undertaken beach nourishment project in the city.

The DCI has signed a memorandum of understanding (MoU) with Riyada Group of Companies in Bahrain to explore ventures in the Gulf.

The Centre has decided to take up disinvestment in the DCI, to further dilute its present stake of 73.47%.

It has at present a fleet of 17 dredgers and is planning to acquire more.

   
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