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Dredging Corporation of India to sign contract with Cochin Shipyard

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Dredging Corporation of India will sign a contract with Cochin Shipyard (Cochin) for construction of 12,000 cubic meter hopper capacity trailer suction hopper dredger for euro 104 million under Make in India program. The construction period is about three years and the contract will be signed tomorrow, 17 March 2022.

The net profit of Dredging Corporation of India reported to Rs 29.06 crore in the quarter ended December 2021 as against net loss of Rs 25.61 crore during the previous quarter. Net sales declined 7.33% to Rs 240.04 crore, as against Rs 259.04 crores a year earlier.

Dredging Corporation of India is engaged in providing the services of capital dredging, maintenance dredging,. beach nourishment, land reclamation, shallow water dredging and project management consultancy, marine construction.

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