India: DCI to Increase Its Dredging Capacity with New Vessels

The Board of Directors of Dredging Corporation of India Ltd at its meeting held on May 28, 2012, took into the consideration the massive capital commitments towards procurement of three Trailer Suction Hopper Dredgers amounting to about Rs. 1500 Cr., for which orders have been placed and in the interest of the future growth of the Company, the Board of Directors did not recommend dividend for the year 2011-12.

In order to meet the increasing demands of the future, DCI has ambitious plans to procure more Trailer suction hopper dredgers and cutter suction dredgers to increase its dredging capacity and to upgrade its existing fleet as well as expand its services in India and abroad.

With a dedicated team of professionally qualified and experienced personnel, who constitute the backbone of the organisation, DCI is fully geared to meet the any kind of dredging challenges in the time to come and is confidently looking forward for a bright future.

[mappress]

Shipbuilding Tribune Staff, May 29, 2012; Image: dredge-india