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Hot Pursuit News

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(04 Jul 2024, 16:55)

Dredging Corp hits the roof on bagging Rs 156-cr order from Cochin Port Authority

Dredging Corporation was locked in upper circuit of 5% at Rs 1,337.45 after it received the annual maintenance dredging contract from the Cochin Port Authority worth Rs 156.50 crore with a provision to extend for another one year.

The contract entails dredging of the Cochin Port's outer channel, approach channel, ICTT Basin, LNG Basin Channels (Ernakulam & Mattancherry Channels), and other areas of Cochin Port ensuring the port remains navigable for vessels of various sizes. This operation is crucial for the port's functionality, enabling seamless and efficient maritime trade activities.

Dr Madhaiyaan Angamuthu, IAS, Chairman, VPA/DCIL said, “We are honored to have been selected by the Cochin Port Authority for this significant project. This contract is a testament to DCIL's capabilities and our unwavering commitment to delivering high quality dredging services. We look forward to contributing to the continued success and operational efficiency of Cochin Port.”

Dredging Corporation of India carries out dred...

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