Dredging Corporation of India Ltd appoints MD & CEO

As per the recommendations of the Nomination and Remuneration Committee, Prof Dr. George Yesu Vedha Victor has been appointed as additional director and designated as Managing Director (Whole-time/Executive director) & CEO on the Board of Dredging Corporation of India Ltd effective from 01/03/2021 for a period upto the date of the next Annual General Meeting ("AGM") wherein the formal approval of the General body would be sought for his regular appointment for a period of five years effective from 01/03/2021.

Prof. Dr.George Yesu Vedha Victor holds Doctorate Degree, is a Chartered Engineer [UK], Chartered Physicist [UK], Certified Dredge Master and Mariner, Qualified in Finance Management, Port Development and Management, Containerization and Logistics Management, Fellow in Arbitration, Licensed International Arbitrator, Mediator, Emergency Arbitrator and a qualified Admiralty and Contracts Lawyer. He is a commissioned officer, C-Suite Executive is a charismatic leader in marine, ports and dredging sector with unwavering commitment to success and focus on development preserving environment.

Prof. Dr. George Yesu Vedha Victor is recipient of awards amongst others, "Exemplary Achievement Award", "Maritime Award" by Ministry of Shipping, Government of India and "Exemplary Contribution to Indian Industry" by EADA under the umbrella of WODA. He was awarded "Young Scientist Award" for his contribute to research in marine engineering and environment. He serves as Chairman and member of technical committees constituted - national and international. Empaneled with WB, ADB, ICA, FICCI, MIAC, EMAC, IDRC, PDRC, IPA, IoP and SIA. He has been appointed by the Government of India as a member of 5 member Expert Committee on Skill Development Program of Sagarmala, Government of India. Accomplished professional with blend of industrial and legal experience and is an International Arbitrator and Mediator for commercial contracts. He serves as Chairman and Board Members of Bangladesh India Mediators Forum. He serves as member Scientific Working Group in Reservoir Dredging and Safety of Dredging Operation in World Dredging Association and in Climate and Environment Working Committee in Institute of Physics [UK]. He is an international acclaimed trainer, assessor and speaker.

Shri Rajesh Tripathi, Managing Director has been relieved from the services of the Corporation w.e.f. 26-02-2021 A.N (as 27-02-2021 and 28-02-2021 being weekly off) on attaining the age of superannuation.

Shares of DREDGING CORPORATION OF INDIA LTD. was last trading in BSE at Rs.362.8 as compared to the previous close of Rs. 360.4. The total number of shares traded during the day was 143925 in over 4677 trades.

The stock hit an intraday high of Rs. 388.9 and intraday low of 360.5. The net turnover during the day was Rs. 53281837.

Source : Equity Bulls

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