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Dredging Corporation of India emerges lowest bidder for Cochin Port contract

Posted On: 2018-01-11 09:51:18

Dredging Corporation of India Limited (DCI) has been carrying out the maintenance dredging works at Cochin Port continuously since 2011-12. Cochin Port invited global tenders for Maintenance Dredging for the year 2017-18 during August 2017 which is one of the major maintenance Dredging projects in India. DCI participated in the bidding process. The Price bids were opened today - 11/1/18 and DCI stood as the lowest bidder with Rs. 88.51 Crore, thereby successfully retaining the work in its order book for next year. The Dredging at Cochin Port is to be carried out throughout the year by Deploying two Dredgers.

DCI is the only PSU in the dredging field in India and is securing all major contracts through open competitive bidding process.

Shares of DREDGING CORPORATION OF INDIA LTD. was last trading in BSE at Rs.825.8 as compared to the previous close of Rs. 874.75. The total number of shares traded during the day was 110315 in over 3661 trades.

The stock hit an intraday high of Rs. 857.65 and intraday low of 815. The net turnover during the day was Rs. 92561478.


Source: Equity Bulls

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