Shares of Dredging Corporation of India Ltd (DCIL) continued to stay in focus after the company announced signing 22 Memoranda of Understanding (MoUs) worth ₹17,645 crore with 16 organisations during India Maritime Week 2025, held in Mumbai from October 27 to 31, 2025.
The agreements span dredging services, fleet modernisation, construction of new dredgers, fuel supply tie-ups, and technology partnerships, strengthening the company’s long-term growth runway.
DCIL operates under a consortium of four major ports — Visakhapatnam Port Authority (VPA), Paradip Port Authority (PPA), Jawaharlal Nehru Port Authority (JNPA), and Deendayal Port Authority (DPA) — under the Ministry of Ports, Shipping & Waterways.
Key partnerships and scope of MoUs
The MoUs were signed with promoter ports — Visakhapatnam, Paradip, JNPA, and Deendayal — along with other major ports including Kolkata’s Syama Prasad Mookerjee Port, Cochin, Chennai, and Mumbai, securing dredging contracts for the next 2–5 years.
The company also inked strategic agreements supporting modernisation and ‘Atmanirbhar Bharat’:
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Cochin Shipyard: Construction and repair of dredgers
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NMDC Abu Dhabi: JV to enhance global competitiveness
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BEML: Indigenisation of spares and inland dredger development
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IHC: Modernisation of existing dredgers and capacity optimisation
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NTCPWC–IIT Chennai: JV for bathymetry surveys and dredging training programmes
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Indian Oil Corporation (IOCL): Ensuring uninterrupted fuel and lubricant supply to DCIL’s fleet
Capacity push and market leadership
DCIL Managing Director & CEO Capt. S. Divakar said the company currently operates 10 Trailer Suction Hopper Dredgers (TSHDs) with a combined 60,000 cubic metres capacity, enabling annual handling of 50–60 million cubic metres of dredging — meeting nearly 55% of India’s total dredging demand.
The addition of new vessels and modernisation initiatives will further strengthen DCIL’s leadership in the maintenance dredging market while expanding into capital dredging and inland waterway projects.
The update follows the Prime Minister’s recent announcement of a ₹4,000 crore investment to modernise DCIL under the Maritime Amrit Kaai Vision, boosting sentiment around the stock.
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