According to Business Standard, State-owned Dredging Corporation of India (DCI) is expecting a new dredger worth Rs 500 crore to join its fleet by the end of this financial year.
Dredging Corporation of India has also placed orders on IHC Netherlands to procure three dredgers with an outlay of Rs 1,500 crore. Of these, one will be delivered by the end of this December and the other two in 2013.
The company’s dredging capacity is 86 million cubic metres, which will increase to 110 million cubic metre per annum once the new machines come, according to the Company’s plan.
About DCI
The Head Office of Dredging Corporation of India is strategically located on the eastern seaboard of India at Visakhapatnam. DCI helps to ensure the continuous availability of the desired depths in shipping channels of the Major and Minor Ports, Navy, fishing harbours and other maritime organisations.
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Dredging Today Staff, March 19, 2012; Image: dredge-india