Dredging Corporation of India
1,068.20
-0.60(-0.06%)
Market Cap₹2,990.96 Cr
PE Ratio-149.04
Company Performance:
1D-0.06%
1M+7.11%
6M+61.59%
1Y+41.59%
5Y+270.90%
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More news about Dredging Corporation of India
03Nov 25
Dredging Corporation of India Surges 18% on ₹17,645 Crore MoUs and Modernisation Plans
Dredging Corporation of India (DCI) stock jumped 18% after signing 22 MoUs worth ₹17,645 crore with 16 organizations during India Maritime Week. The agreements, spanning 2-5 years, involve dredging services for major Indian ports including Visakhapatnam, Paradeep, and Jawaharlal Nehru Port. Additionally, the government announced a ₹4,000 crore modernization initiative for DCI, including the construction of 11 new dredgers and fleet upgrades. The stock has gained 42% over the last five trading sessions. These developments are expected to increase DCI's market share and strengthen its industry position.
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01Nov 25
Dredging Corporation of India Secures Rs. 17,645 Crore in MOUs, Announces Rs. 4,000 Crore Modernization Plan
Dredging Corporation of India Limited (DCIL) announced significant expansion plans during India Maritime Week 2025. The company signed 22 MOUs worth Rs. 17,645 crore with 16 organizations, including major ports and shipyards. Prime Minister Narendra Modi announced a Rs. 4,000 crore modernization initiative for DCIL, which includes building 11 new dredgers and upgrading the existing fleet. The plan aims to enhance DCIL's capacity, adopt new technologies, and support skill development. Currently, DCIL holds a 55% market share in India's dredging requirements with an annual capacity of 50-60 million cubic meters.
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01Nov 25
DCIL Set for Major Overhaul: PM Modi Unveils ₹4,000 Crore Modernization Plan
Prime Minister Narendra Modi has announced a ₹4,000 crore investment for the modernization of Dredging Corporation of India Limited (DCIL). The plan includes procuring 11 new dredgers, promoting domestic manufacturing, adopting advanced technologies, and upskilling technical manpower. DCIL's fleet expansion aims to enhance its dredging capacity, with orders already placed for new vessels. This initiative aligns with India's Maritime Vision 2030 and Atmanirbhar Bharat 2047 goals, aiming to strengthen the country's maritime capabilities and promote self-reliance in the blue economy sector.
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28Oct 25
Dredging Corporation of India Showcases Excellence at India Maritime Week 2025
Dredging Corporation of India Limited (DCIL) unveiled its pavilion at India Maritime Week 2025 in Mumbai. Dr. M. Angamuthu, IAS, Chairman of DCIL, inaugurated the pavilion, which highlighted the company's capabilities and innovations in dredging. The pavilion received positive attention from visitors and industry professionals. DCIL's participation aligns with its efforts to promote innovation, enhance sustainability, and support India's maritime infrastructure development. Additionally, DCIL has initiated a postal ballot for the appointment of Mr. Divakar Sanamandra as Managing Director and CEO (Additional Charge) for six months.
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28Oct 25
Dredging Corporation of India Initiates Postal Ballot for CEO Appointment
Dredging Corporation of India Limited (DCI) has initiated a postal ballot to appoint Mr. Divakar Sanamandra as Managing Director & CEO (Additional Charge) for six months, starting October 16, 2025. Mr. Sanamandra, with 38 years of experience in the dredging industry, previously held this position from 2022 to 2024. The e-voting period runs from November 5 to December 4, 2025, with results expected by December 6. This appointment, subject to shareholder approval, aims to ensure leadership continuity at DCI.
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16Oct 25
Dredging Corporation of India Appoints Capt. S. Divakar as New Managing Director & CEO
Dredging Corporation of India Limited (DCI) has appointed Capt. S. Divakar as the new Managing Director & Chief Executive Officer (Additional Charge) and Key Managerial Personnel, effective October 16, 2025. Capt. Divakar, currently Chief General Manager, brings 34 years of experience with DCI, including 22 years of onboard experience and 12 years in senior management. He succeeds Shri Durgesh Kumar Dubey, whose tenure ended on October 15, 2025. Capt. Divakar holds a Dredge Master Grade-I Certificate of Competency and owns 99 shares in the company.
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10Oct 25
Dredging Corporation of India Appoints Capt. S. Divakar as Managing Director & CEO
Dredging Corporation of India Limited (DCI) has appointed Capt. S. Divakar as the new Managing Director & CEO (Additional Charge), Additional Director, and Key Managerial Personnel, effective from October 16, 2025. Capt. Divakar, 57, brings 34 years of experience with DCI, including 22 years onboard dredgers and 12 years in senior management. He holds a Dredge Master Grade-I Certificate of Competency and currently serves as Chief General Manager. This appointment follows the completion of Shri Durgesh Kumar Dubey's tenure and was approved by DCI's Board of Directors on October 10, 2025.
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23Sept 25
Dr. Madhaiyaan Angamuthu Takes Additional Charge as Visakhapatnam Port Authority Chairman
Dr. Madhaiyaan Angamuthu, IAS, currently Chairperson of Mumbai Port Authority, has been assigned additional charge as Chairman of Visakhapatnam Port Authority (VPA). The appointment is effective from September 22, 2025, for six months or until a new chairperson is appointed. The decision, approved by the Minister for Ports, Shipping and Waterways, aims to ensure leadership continuity at key port authorities. Dredging Corporation of India Limited (DCIL) informed stock exchanges of this development through a regulatory disclosure.
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22Sept 25
Dr. Madhaiyaan Angamuthu Appointed as Chairperson of Mumbai Port Authority
Dr. Madhaiyaan Angamuthu, IAS (AM-2002), has been appointed as the new Chairperson of Mumbai Port Authority at the Joint Secretary level. He will receive a salary at level-14 of the pay matrix. His combined tenure is set for seven years up to October 13, 2027, or until further orders. The appointment was made by the Central Government under the Major Port Authorities Act, 2021, with the official order issued by the Ministry of Ports, Shipping and Waterways on September 22, 2025. Dr. Angamuthu previously served as the Chairperson of Visakhapatnam Port Authority.
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21May 25
Dredging Corporation of India: Q4 Results Spark 15% Share Price Surge
Dredging Corporation of India (DCI) has reported a significant financial turnaround in Q4 FY2023-24. The company posted a net profit of ₹21.40 crore, up 33.80% year-over-year, with revenue increasing by 42.50% to ₹462.00 crore. EBITDA grew by 46.70% to ₹76.70 crore, with margins expanding to 16.60%. For the full fiscal year, DCI reported a net profit of ₹35.70 crore, recovering from a loss of ₹196.20 crore in the previous year. The company's share price surged up to 15% to ₹779.00 following the announcement.
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20May 25
Dredging Corporation of India Swings to Profit in Q4, Reports Robust Revenue Growth
Dredging Corporation of India Ltd. (DCI) has reported a significant financial turnaround in Q4. Revenue increased by 67% to ₹464.38 crore, and the company swung to a net profit of ₹21.39 crore from a loss of ₹25.97 crore in the same quarter last year. DCI is exploring business opportunities in the Middle East, South East Asia, and South Asian markets for future growth.
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Dredging Corporation of India
1,068.20
-0.60
(-0.06%)
1 Year Returns:+41.59%
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