Dredging Corporation denies securing order for full Sethusamudram project

The media had reports that entire dredging job of 82.5 million cubic metres soil for the Sethusamudram Ship Channel Project has been entrusted to Dredging Corporation of India Limited. Dredging Corporation of India Limited has stated that, "We confirm that the Company has commenced the dredging work in E3-E4 stretch of the SSCP of 13 Kilometres involving approximately 13 Million Cu. Mtrs of dredging which was awarded to the Company on nomination basis earlier. We also have to inform you that the Company is yet to receive any communication from the Government/ Sethusamudram Corporation Limited (SCL)/ Tuticorin Port Trust (TPT), the nodal agency for the Sethusamudram Ship Channel Project (SSCP) regarding the approval of Cabinet Committee on Economic affairs for 69 Million Cub. Mtr of dredging for SCCP."

Source : Equity Bulls

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