Dredging Corporation rises on bagging reclamation dredging contract from NRL.

Dredging Corporation of India (DCI) gained 1.34% to Rs. 412.65 after the company announced that it has secured a reclamation dredging contract worth about Rs 60 crore from Numaligarh Refinery (NRL).

As per the regulatory filing, NRL awarded the reclamation dredging contract for NRL Crude Oil Import TerminaI (COIT) Plot to DCI for transportation & pumping of dredge material from Paradip Port Authority Sand Trap to NRL (COIT) Plot for the year 2022-23 with a project cost of about Rs. 60 crore.

The contract awarded by NRL for reclamation dredging contract at Numaligarh Refinery (NRL) Crude Oil Import TerminaI (COIT) Plot is feather on the cap of Dredging Corporation of India, Visakhapatnam which is aiming at a record highest ever turnover of Rs 1000 crore this financial ear 2022-23, the company stated in the press release.

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

BS