Paradip Port Authority Marine Department Paradip awards Rs. 172.22 Crores dredging contract

Dredging Corporation of India Limited (DCI), Visakhapatnam is a listed dredging company in India under the consortium of four (4) major ports Authorities viz, Visakhapatnam Port, Paradip Port, Jawaharlal Nehru Port and Deendayal Port holding majority shares of 73.47%. DCI is the premier dredging organization of India catering to the dredging and allied services to Major Ports, Minor Ports, Indian Navy, Fishing Harbours and other maritime organizations by deepening and maintaining the safe navigational channel for EXIM activities.

Paradip Port Authority Marine Department Paradip awarded the prestigious Dredging Contract to Dredging Corporation of India Limited, Visakhapatnam that includes Dredging on Approach Channel, Entrance Channel, Turning Circle, Docks and Sand Trap of Paradip Port Authority at an estimated cost of Rs 172.22 CR for the year 2023-24.

The Paradip Port Authority Dredging contract is feather on the cap of Dredging Corporation of India Limited, Visakhapatnam which is aiming at a record highest ever turnover of Rs 1000 Cr & above for this financial year 2023-24.

Shares of Dredging Corporation of India Limited was last trading in BSE at Rs. 323.35 as compared to the previous close of Rs. 321.75. The total number of shares traded during the day was 8613 in over 506 trades.

The stock hit an intraday high of Rs. 332.75 and intraday low of 317.95. The net turnover during the day was Rs. 2805375.00.

Source : Equity Bulls

Keywords

DredgingCorporationofIndia INE506A01018 OrderWin ParadipPortAuthority