Dredging Corporation of India
Company type | Public |
---|---|
Industry | |
Founded | 29 March 1976[1] |
Headquarters | , India |
Key people |
|
Products | Maintenance Dredging, Capital Dredging, Land Reclamation, Beach nourishment |
Revenue | ₹7,438 million (US$93 million)[3] (2014) |
₹624 million (US$7.8 million)[3] (2014) | |
Number of employees | 566[3] (2014) |
Website | dredge-india |
Dredging Corporation of India Limited, or DCI, is an Indian
DCI is headquartered at
About
DCI was incorporated as a public sector company in March 1976.
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.[3]
Year | Revenue | % Change | Profit | % Change |
---|---|---|---|---|
2015 | ₹7,438 million (US$93 million) | −3.74% | ₹624 million (US$7.8 million) | 66.18% |
2014 | ₹7,727 million (US$97 million) | 21.11% | ₹375.5 million (US$4.7 million) | 83.08% |
2013 | ₹6,380 million (US$80 million) | 28.22% | ₹205.1 million (US$2.6 million) | 55.61% |
2012 | ₹4,976 million (US$62 million) | −4.80% | ₹131.8 million (US$1.7 million) | −66.64% |
2011 | ₹5,227 million (US$65 million) | −24.67% | ₹395.1 million (US$4.9 million) | −43.60% |
2010 | ₹6,939.5 million (US$87 million) | −16.61% | ₹700.5 million (US$8.8 million) | 51.07% |
2009 | ₹8,322 million (US$100 million) | 7.87% | ₹463.7 million (US$5.8 million) | −70.05% |
2008 | ₹7,715 million (US$97 million) | 23.20% | ₹1,548.2 million (US$19 million) | −17.97% |
2007 | ₹6,262 million (US$78 million) | 14.96% | ₹1,887.3 million (US$24 million) | 6.95% |
Fleet
Dredger fleet consists mainly of Trailing Suction Hopper Dredgers (TSHD), Cutter Suction Dredgers (CSD) and Backhoe Dredgers.[25]
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 (SSCP) has been done by DCI.[26][27]
- KKS port dredging[7]
- Nourishment of Ramakrishna Mission Beach[10]
- Dredging of Hussain Sagar lake to restore its depleting ecosystem.[28]
References
- ^ Moneycontrol.com. Retrieved 6 January 2016.
- ^ "Board of Directors". Dredging Corporation of India. Archived from the original on 4 March 2016. Retrieved 6 January 2016.
- ^ a b c d "39th Annual Report 2014–15" (PDF). Dredging Corporation of India. Retrieved 6 January 2016.
- ^ Sridharan, K (1982). A Maritime History of India. Publications Division, Ministry of Information and Broadcasting, Government of India. p. 393.
- ^ "Company Profile". Reuters. Archived from the original on 5 February 2016. Retrieved 6 January 2016.
- ^ "Company Profile". HDFC securities. Retrieved 6 January 2016.
- ^ The Daily Mirror. 4 April 2013.
- ^ Manoj, P (5 September 2013). "Dredging is a perennial problem area for India's ports". Mint.
- ISBN 8171884938.
- ^ a b Patnaik, Santosh. "Beach nourishment drive yields result". The hindu.
- ISBN 9054107359.
- ^ "Corporate Info Listing on BSE". Bombay Stock Exchange. Retrieved 6 January 2016.
- ^ "DCIL IPO Listing details". cmlinks.com. Retrieved 6 January 2016.
- ^ "Dredging Corporation of India signs a contract with IHC Dredgers BV, Netherlands". IndiaInfonline. 13 February 2014.
- ^ "Dredging Corporation in talks with ports to raise funds for dredgers". Business Line. 8 March 2013.
- ^ Paladhi, Arijit (14 January 2015). "Dredging Corp to yield little through divestment". Business Standard.
- ^ "Government plans to sell 5 per cent stake in Dredging Corporation of India Ltd". The Economic Times. 23 January 2015.
- ^ Dhanjan, Swaraj Singh (21 August 2015). "Dredging Corp. offer for sale subscribed 2.65 times". Mint.
- ^ Manoj, P (1 April 2015). "Dredging Corp. eyes inland waterways, foreign markets". Mint.
- ISBN 978-1118518540.
- ISBN 818502720X.)
{{cite book}}
:|first1=
has generic name (help)CS1 maint: multiple names: authors list (link - ISBN 978-0470947593.
- ^ "PSU Disinvestment: Government approves entire 73% stake sale in Dredging Corp of India". November 2017.
- ^ "Cabinet Clears Strategic Sale of Government Equity in Dredging Corporation of India". 8 November 2018.
- ^ "Corporate Presentation" (PDF). Dredging Corporation of India. 16 August 2015.
- ^ "Dredging Corp. seeks arbitration to recover dues from Sethusamudram Project". Mint. 19 February 2013.
- ^ General Knowledge Manual (2007 ed.). Tata McGraw-Hill. p. 180.
- ISBN 8176482943.