DCI Reports ‘Good Year’

  • Business & Finance

DCI Reports 'Good Year'

Dredging Corporation of India Limited (DCI), established in 1976 to provide integrated dredging services to the Major Ports of the country, has reported an impressive 21% growth in the operations for the year 2013-14.

This year has been a momentous year in the history of the company with two of the three trailer suction hopper dredgers, DCI DREDGE XX and DCI DREDGE XXI, joining the fleet in June 2013 and March 2014 respectively. The first Dredger DCI DREDGE XIX had joined the fleet in previous financial year in December, 2012.

With the induction of these dredgers DCI is in a position to meet the dredging commitments at various ports in an unhindered way as well as enable the company to take up refurbishment of the existing aged vessels so as to enhance their life as well as their efficiency.

In continuation of the steps taken for capacity augmentation, DCI has proposals to purchase two more higher capacity dredgers. The company has also placed orders for procurement of ancillary crafts – one self propelled hopper barge and one split hopper barge and the same are expected to be delivered by end of this calendar year.

During the year under review, maintenance dredging contracts were executed for Haldia/ Kolkata Port Trust, Visakhapatnam Port Trust, Cochin Port Trust, Kandla Port Trust. Capital Dredging Contracts were executed at Kandla Port Trust and Ennore Port.

The capacity utilization during the year was 83% of the targeted capacity in number of days and 91% of the targeted capacity in volume.

 

[mappress]

Press Release, September 29, 2014

 

 

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