16 Jun 2022 , 10:07 AM
The award includes dredging of 20 million cubic meters plus or minus 20% yearly with the project cost of about Rs250 crore per year.
Ministry of Ports Shipping & Waterways promoted dredging guidelines 2021 and laid emphasis that major ports should be awarded dredging contracts on a long-term basis. This three-year long-term contract by JNPA shall bring an assured revenue to DCI's top-line amounting to Rs250 crore per year.
The extension of this contract by JNPA is a feather on the cap of company and is aiming at a record highest ever turnover of Rs1,000 crore for the current financial year 2022-23.
Dredging Corporation is a listed dredging company in India under the consortium of four major port authorities namely, Paradip Port, Visakhapatnam Port, Deendayal Port, and Jawaharlal Nehru Port.
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