Posted on August 30, 2023
Visakhapatnam: Dredging Corporation of India Limited (DCIL) is now focusing on rivers, reservoirs, and dams to enhance its market share to around 90% by grabbing 85-90 million cubic meters out of 120 million cubic meters.
DCI, confined to dredging in ports, is now ready to venture into other ways by making an MoU with Inland waterways authority (IWA). It is aiming to achieve a turnover of 1,300 crore in this fiscal. The DCI has logged a turnover of 1,156 crore for the first time from an earlier turnover of 600 crore. DCI managing director captain Divakar said the agency is getting orders due to rise in demand.
With the existing capacity, DCI is able to handle around 60 to 65 million cubic meters. “Our idea is to have 80% in the market .We have approached various ports for work on nomination basis. JNPT has given us a 20 million order. Though we do not have capacity, we would take dredgers on charter. Now, we are able to meet 85 to 90 million cubic meters,” he said.
DCI is now increasing its profitability.In the first quarter, it registered Rs. 15 crore profit compared to the previous fiscal.
“IWA had given us four rivers in North East India, rivers NW , Brahmaputra, Dhansiri and another one. We intend to enter into desiltation of dams and reservoirs,” he said.
