The Dredging Corporation of India Limited (DCI) was established in the year 1976 to provide dredging services to the Major Ports of the country in India. DCI is a pioneer organization in the field of dredging and maritime development. DCI is fully equipped to offer the complete range of dredging and allied services to the users in India and Abroad and to provide the vital inputs for the national development. It's Head Office is strategically situated on the east coast of India at Visakhapatnam, DCI helps to ensure continuous availability of the desired depths in the shipping channels of the major and minor Ports, Indian Navy, Fishing Harbors and other maritime organizations. It further serves the Nation in a variety of ways, be it capital dredging for creation of new harbors, deepening of existing harbors or maintenance dredging for the upkeep of the required depths at various Ports along the 7,500 Kms coastline of India.
DCI owns most modern and sophisticated fleet consisting of two Cutter Suction Dredgers and Ten Trailer Suction Dredgers.
DCI is an M.O.U. signing Company with Government of India.
DCI is a schedule B & a MINI RATNA- CATEGORY-I Public Sector Enterprise.
PRESPRESENT COMMITMENTSENT COMMITMENTS
| 1. | Maintenance dredging at Kolkata Port for the Years 2007-08 to 2011-12 (Contract yet to be renewed) | 3000 |
| 2. | Maintenance dredging off Haldia Oil Jetties & in vicinity of Haldia dock complex of KoPT | 80 |
| 3. | Maintenance dredging at Paradip Port for the year 2007-08 to 2009-2010 (Approach channel, Harbour & sand Trap) | 421.20 |
| 4. | Capital dredging at Paradip Port 2008-2009 | 2345.20 |
| 5. | Maintenance dredging at Visakhapatnam Port for the year 2008-09 | 105 |
| 6. | Maintenance dredging at NMPT for the year 2008-09 | 360 |
| 7. | Maintenance dredging for MGPT for the year 2008-09 | 254.10 |
company has come out with a public issue in 2004 with a price of 400r.s
it has a book value of 440rs. and paying 150% dividend.continuously.
it went to 1350rs last year and come down to 176rs .current market price was 241rs. available at 6.p.e and dividend yield of 6.25%. buy for long term investment it will give u a tremendous return
GREAT BUY
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