Dredging Corporation of India fixes ambitious target of Rs. 1000 crores for FY2022-23

During the visit of the Hon'ble Union Minister of Ports Shipping & Waterways Shri Sarbananda Sonowal to Visakhapatnam the MD & CEO of Dredging Corporation of India Ltd (DCI) Prof Dr G.Y.V Victor greeted the Hon'ble Union Minister & briefed that for the FY21-22 DCI has achieved a turnover of INR 802 crores which is the highest turnover achieved during the last 12 years.

Further informed the Hon'ble Union Minister Shri Sarbananda Sonowal that the company targets to achieve the turnover of 1000 plus crores for the FY2022-23.

Hon'ble Union Minister was also informed of the award of contracts under Sagarmala Project to deepen Mangrol Fishing Harbour in the State of Gujarat worth INR 75 crores.

Shares of Dredging Corporation of India Limited was last trading in BSE at Rs. 308.95 as compared to the previous close of Rs. 308.25. The total number of shares traded during the day was 5245 in over 315 trades.

The stock hit an intraday high of Rs. 318.00 and intraday low of 308.25. The net turnover during the day was Rs. 1632792.00.

Source : Equity Bulls

Keywords

DredgingCorporationofIndia INE506A01018 DCU FY2023