KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.). | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes... << Prices as on Apr 08, 2025 >>  ABB India 5066.75  [ 1.97% ]  ACC 1973.2  [ 2.32% ]  Ambuja Cements 537  [ 2.29% ]  Asian Paints Ltd. 2394.15  [ 2.36% ]  Axis Bank Ltd. 1077.5  [ 2.72% ]  Bajaj Auto 7498.1  [ 2.59% ]  Bank of Baroda 235.8  [ 2.86% ]  Bharti Airtel 1720  [ 1.90% ]  Bharat Heavy Ele 210.95  [ 1.44% ]  Bharat Petroleum 285.7  [ 4.12% ]  Britannia Ind. 5179.05  [ 2.43% ]  Cipla 1433.45  [ 3.54% ]  Coal India 382.95  [ 1.44% ]  Colgate Palm. 2439.05  [ 2.09% ]  Dabur India 459.35  [ 1.75% ]  DLF Ltd. 622.2  [ 2.31% ]  Dr. Reddy's Labs 1108.55  [ 1.83% ]  GAIL (India) 172.65  [ 2.31% ]  Grasim Inds. 2590.85  [ 3.27% ]  HCL Technologies 1403.2  [ 2.03% ]  HDFC Bank 1769.1  [ 0.62% ]  Hero MotoCorp 3574.1  [ 1.26% ]  Hindustan Unilever L 2289.35  [ 1.74% ]  Hindalco Indus. 568.35  [ 1.06% ]  ICICI Bank 1299.3  [ 0.90% ]  Indian Hotels Co 773.3  [ 2.86% ]  IndusInd Bank 679.25  [ 0.45% ]  Infosys L 1429.3  [ 2.25% ]  ITC Ltd. 412.55  [ 1.60% ]  Jindal St & Pwr 801.35  [ 1.25% ]  Kotak Mahindra Bank 2054.45  [ 0.75% ]  L&T 3161.2  [ 2.94% ]  Lupin Ltd. 1982.65  [ 3.11% ]  Mahi. & Mahi 2525.15  [ 1.38% ]  Maruti Suzuki India 11456.3  [ 1.14% ]  MTNL 42.09  [ 2.31% ]  Nestle India 2275.25  [ 1.23% ]  NIIT Ltd. 112.8  [ 4.25% ]  NMDC Ltd. 61.59  [ 0.41% ]  NTPC 352.95  [ 0.84% ]  ONGC 226.65  [ 3.07% ]  Punj. NationlBak 96.92  [ 2.11% ]  Power Grid Corpo 288.8  [ -0.19% ]  Reliance Inds. 1182.4  [ 1.39% ]  SBI 768.4  [ 2.90% ]  Vedanta 375.7  [ 0.48% ]  Shipping Corpn. 169.05  [ 7.81% ]  Sun Pharma. 1688.75  [ 1.22% ]  Tata Chemicals 809.4  [ 0.85% ]  Tata Consumer Produc 1069.25  [ 2.04% ]  Tata Motors 588.9  [ 1.56% ]  Tata Steel 130.2  [ 0.46% ]  Tata Power Co. 359.75  [ 1.41% ]  Tata Consultancy 3293.55  [ 0.52% ]  Tech Mahindra 1315  [ 2.02% ]  UltraTech Cement 11276.75  [ 0.75% ]  United Spirits 1426.3  [ 1.79% ]  Wipro 247.25  [ 1.81% ]  Zee Entertainment En 107.74  [ 10.87% ]  

Company Information

Indian Indices

  • Loading....

Global Indices

  • Loading....

Forex

  • Loading....

DREDGING CORPORATION OF INDIA LTD.

08 April 2025 | 12:00

Industry >> Miscellaneous

Select Another Company

ISIN No INE506A01018 BSE Code / NSE Code 523618 / DREDGECORP Book Value (Rs.) 425.14 Face Value 10.00
Bookclosure 27/09/2024 52Week High 1458 EPS 12.74 P/E 41.53
Market Cap. 1481.90 Cr. 52Week Low 495 P/BV / Div Yield (%) 1.24 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
1976

- The company was originally incorporated as a private limited company on 29 March, and was subsequently converted into a public limited company on 10 March 1992. The main object of the company is Dredging activity i.e. engaged in executing capital and maintenance dreadging for ports to open new parts and/or to expand the existing ports.

- Due to the difficulties experienced in catering to specialised dredging requirements the Government of India decided to incorporate a fully owned Govt. company under the Companies Act, 1956.

- Marine dredging ships are equipped with sophisticated equipment incorporating latest technology. There are 3 nos. cutter section dredgers having a pumping capacity of 1000 cu.m./hr to 3640 cu.m./hr., 8 nos. trailer suction dredgers having a hopper capacity of 3450 cu.m. to 6500 cu.m. and 3 nos. inland dredgers having a pumping capacity of 100 to 200 cu.m./hr.

- Over the years, the corporation has developed expertise and capability to undertake capital and maintenance dredging land reclamation, desiltation of lakes and ponds, salvage and towage etc.

- 280,00,00 No. of equity shares issued, subscribed and paid up (1,400 shares of these fully paid up; 279,98,600 shares issued for consideration other than cash).

1984

- It has acquired 3 Portable Cutter Suction Dredgers with a total capacity of 16 lakh cu.m. Unlike the bigger sea going dredgers, these portable dredgers can be dismantled into smaller sections, transported on the road and reassembled in whichever site it is required to work.

2001

-Dredging Corporation is in the hunt for strategic partner in a bid to get more exposure in foreign waters.

2002

-BSE informed its members that special margin of 25% has been imposed on dredging Corporation.

2003

-The crew/monthly paid workers at the behest of their union, Forward Seimens Union of India served notice to the management of the company that they would commence their work to rule the agitation on DCI Dredgers.

-Dr Ramesh Gupta has ceased to be the directors of the Dredging Corporation of India on completion of his term of 3 years.

-Dr.S Kathiroli, Project Director, National Institute of Ocean Technology has been appointed as part time non-official director on the board of Dredging Corporation of India Ltd.

2004

-Comes out with public issue of 5.60 million equity shares, receives the highest subscription for a public offer of the government's stake in a big-ticket company, cut-off price fixed at Rs 400 per share

2007

- Dredging Corporation Of India Limited has informed that "Ministry vide its letter No.PO-28028/20/2006-DCI dtd.7/9/2007 informed the appointment of Capt. S.S.Tripathi as Chairman-cum-Managing Director of the company. Capt Tripathi assumed charge as Chairman-cum-Managing Director of the company on 12/9/2007 from Shri A.K.Dhar. Shri A.K.Dhar was holding the charge Chairman-cum-Managing Director DCI in addition to his duties as Director (Finance)".

2008

- Dredging Corporation of India Ltd - Appointment of Directors.

- Dredging Corporation of India stocks likely to benefit MF sc.

- Dredging Corporation Board declares interim dividend.

- Dredging Corporation Board to consider dividend.

2009

- DCI seeks rate revision for Sethusamudram project.

- Dredging Corporation Board to consider Dividend.

2010

- Dredging Corporation of India Ltd (DCI) has informed BSE that DCI signed an agreement with IHC Dredgers BV, Netherlands for design, construction and delivery Of two Trailer Suction Hopper Dredgers of 5500 Cu.M Hopper Capacity each at a total cost of about Rs. 900 Crore.

- Dredging Corp - Board recommends Dividend.

2011

- Dredging Corporation of India Ltd has informed BSE that the Company signed a contract with IHC Dredgers BV, Netherlands for design, construction and delivery of one Trailer Suction Hopper Dredger of 5500 Cu.M Hopper Capacity at a total cost of about Rs. 500 Crores.

- Dredging Corporation of India Ltd has informed BSE that Ministry of Shipping, Government of India vide its letter dated October 17, 2011 informed the appointment of Shri S. Balachandran and Shri Vinai Kumar Agarwal as Non-official Part-time Directors on the Board of the Company for a period of three years w.e.f. the date of joining the Board or until further orders whichever is earlier. Shri S. Balachandran and Shri Vinai Kumar Agarwal assumed charge as Non-official Part-time Directors w.e.f. November 11, 2011.

- Ministry of Shipping vide its letters dated March 04, 2011 informed the relief of Capt S. S. Tripathi, Chairman and Managing Director from the services of the Corporation and assignment of additional charge of the duties for the post of Chairman and Managing Director to Shri P. V. Ramana Murthy, Director (Finance) with immediate effect.

2012

- A meeting was held jointly by Dredging Corporation of India Limited and Little Angles School at Little Angels School, Sector-3, M.V.P.Colony, Visakhapatnam at which prizes were given away to winners in painting competitions held in con nection with 'Vigilance Awareness Week 2012'.

- Dredging Corporation of India Ltd. celebrated World Environment Day. To mark the occasion and the theme 'Green Economy: Does it include you ?' A Cycle Rally involving employees, children and morning walkers was organized. The Cycle Rally was flagged off by Capt. D.K. Mohanty, CMD at 06.00 AM from Kalimatha Temple, R.K. Beach to Park Hotel.

- "Day of the Seafarer" ...Massage from our CMD .. 25th June 2012.

2013 -Dredging Corporation of India Ltd has informed that the Board of Directors of the Company have recommended Dividend @ 20% on paid up equity share capital of Rs. 2800 lakhs amounting to Rs. 2 per equity share of Rs. 10 for approval of shareholders at the ensuing AGM. -Dredging Corporation of India Ltd has informed that Ministry of Shipping, Government of India vide its letter dated April 03,2013, informed the appointment of Shri B. Poiyaamozhi, Development Advisor, (Ports) as Part-time Official Director on the Board of the Company w.e.f. April 03, 2013.

2014 -Dredging Corporation of India Ltd has informed that the Board of Directors of the Company has declared dividend @ 30% on the paid-up share capital of the Company i.e., Rs. 3.00 (Three Rupees only) per equity share of Rs. 10/- each. -Dredging Corporation of India Ltd has informed that appointment of Shri S.Charles as Director (Finance) of the Company.

2015 -39th Formation day Celebration held at Kalavani, Port Stadium, Visakhapatnam

2016 -IWAI inks 3 MoUs with DCI and MPT for inland water transport.

2017 -DCI, NHAI in pact to facilitate sand supply for building roads. -DCI was awarded the prestigious AMVER award by the Honourable Consulate General of the USA.

2022 -Dredging Corporation of India received Award of work from Numaligarh Refinery Limited at Paradip Port. -Award of contract from Visakhapatnam Port Trust. -Dredging Corp gains on bagging maintenance contract from JNPA.

2024 -Dredging Corporation of India Limited has informed received contract of Rs.2015.88 Crores for five years ""Maintenance Dredging in the Hooghly Estuary primarily in the shipping channel leading to Haldia Dock.