Dredging Corporation of India Limited, or DCI, is an Indian

dredging Dredging is the excavation of material from a water environment. Possible reasons for dredging include improving existing water features; reshaping land and water features to alter drainage, navigability, and commercial use; constructing d ...

company which does dredging for Indian

seaport A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as ...

s exclusively. It occasionally dredges at foreign seaports in countries such as

Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the no ...

and

Dubai Dubai (, ; ar, wikt:دبي, دبي, translit=Dubayy, , ) is the List of cities in the United Arab Emirates#Major cities, most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 ...

. It is mainly involved in maintenance dredging. Almost all the maintenance dredging in Indian seaports is carried out by DCI due to government regulations. DCI is also involved in capital dredging, beach nourishment, and land reclamation. The main seaports in which DCI does business are

Visakhapatnam Port Visakhapatnam Port is one of 13 major ports in India and the only major port of Andhra Pradesh. It is India's third largest state-owned port by volume of cargo handled and largest on the Eastern Coast. It is located midway between the Chennai a ...

Haldia Haldia is an industrial port city in Purba Medinipur in the Indian state of West Bengal. It is a major river port and industrial belt located approximately southwest of Kolkata near the mouth of the Hooghly River, one of the distributarie ...

Kandla Kandla, now officially Deendayal Port Authority, is a seaport and town in Kutch district of Gujarat state in Western India, near the city of Gandhidham. Located on the Gulf of Kutch, it is one of India's major ports on the west coast. It is ...

Cochin Port Cochin Port or Kochi Port is a major port on the Arabian Sea – Laccadive Sea – Indian Ocean sea-route in the city of Kochi and is one of the largest ports in India. It is also the first transshipment port in India. The port lies on t ...

and

Ennore Port Kamarajar Port Limited, formerly Ennore Port, is located on the Coromandel Coast, Chennai about 18 km north of Chennai Port. It is the 12th major port of India, and the first port in India which is a public company. The Kamarajar Port Limi ...

. DCI is headquartered at

Visakhapatnam , image_alt = , image_caption = From top, left to right: Visakhapatnam aerial view, Vizag seaport, Simhachalam Temple, Aerial view of Rushikonda Beach, Beach road, Novotel Visakhapatnam, INS Kursura submarine museu ...

and has project offices at many seaports in India. It reports to the Ministry of Shipping. It is ISO 14001:2004 and ISO 9001:2008 certified.

About

DCI was incorporated as a public sector organisation in March 1976.

Companies Act 1956 The Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. It was repealed and replaced ...

. It was listed on

CSE CSE may refer to: Education Examinations * Certificate of Secondary Education, a secondary school qualification in the United Kingdom, replaced by the GCSE * Civil Services Examination, an examination to qualify for government service in India Fi ...

and DSE stock exchanges in October 1992 and debuted on BSE on 28 February 2000. It went for an

Initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

in March 2004. DCI engaged IHC Dredgers BV,

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

for design, construction and delivery of 5500 cu. m TSHD in 2011. It changed strategy to raise funds for purchasing additional dredgers by asking the seaports for investments. The capital thus raised was used to replenish its old fleet. The Government of India reduced current stake in the company by 5 percent. The offer for sale of 5 percent stake was well received by the investors. As part of its diversification plans DCI expresses interest to foray into international markets. Ex-chairman and managing director, Abraham Kuruvilla finds mention in bringing widespread reforms in the corporate management techniques at DCI. On 1 November 2017, the

Government of India The Government of India ( ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

approved the privatization of Dredging Corporation of India On 8 November 2018, the

approved the stake of DCI to 4 Major Ports. DCI has been handed over to 4 major ports viz: Vishakhapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust.

Financial Performance summary

The company has been through some rough weather with profits and revenues fluctuating wildly (see table below for detailed information). This is mainly due to its high dependency on Government funded projects and associated macro level economic fluctuations in the country.

Fleet

Dredger fleet consists mainly of Trailing Suction Hopper Dredgers (TSHD), Cutter Suction Dredgers (CSD) and Backhoe Dredgers. TSHD Class dredgers includes DCI Dredge VI, DCI Dredge VIII, DCI Dredge IX, DCI Dredge XI, DCI Dredge XII, DCI Dredge XIV, DCI Dredge XV, DCI Dredge XVI, DCI Dredge XVII, DCI Dredge XIX, DCI Dredge XX and DCI Dredge XXI. CSD category dredgers are DCI Dredge VII, DCI Dredge Aquarius, DCI Dredge XVIII and DCI ID Ganga. There is one Backhoe Dredger namely DCI Dredge BH1. There are multiple Survey Launches pressed into service viz. DCI Survey Launch I, DCI Survey Launch II, DCI Survey Launch III. The fleet also includes a multi-purpose craft DCI Multicat I and a special utility purpose craft named DCI Tug VII.

Projects

* Bulk dredging for the

Sethusamudram Shipping Canal Project Sethusamudram Shipping Canal Project () is a proposed project to create a shipping route in the shallow straits between India and Sri Lanka. This would provide a continuously navigable sea route around the Indian Peninsula. The channel would b ...

(SSCP) has been done by DCI. * KKS port dredging * Nourishment of Ramakrishna Mission Beach * Dredging of

Hussain Sagar Hussain Sagar (alternatively referred to as Tank Bund; ) is a heart-shaped lake in Hyderabad, Telangana, built by Ibrahim Quli Qutb Shah in 1563. It is spread across an area of and is fed by the River Musi. A large monolithic statue of the Gau ...

lake to restore its depleting ecosystem.

References

External links

Dredging Corporation of India Limited

Department of Public Enterprises, India
{{Authority control 1976 establishments in Andhra Pradesh Government-owned companies of India Construction and civil engineering companies established in 1976 Companies based in Visakhapatnam Ministry of Ports, Shipping and Waterways (India) Dredging companies Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange