Dredging Corporation signs 22 MoUs worth ₹17,645 crore during India Maritime Week 2025

Dredging Corporation of India Ltd (DCIL) on Saturday (November 1) said it has entered into 22 Memoranda of Understanding (MoUs) with 16 organisations worth ₹17,645 crore during the India Maritime Week 2025 held in Mumbai from October 27 to 31, 2025.

DCIL operates under a consortium of four major ports — Visakhapatnam Port Authority (VPA), Paradip Port Authority (PPA), Jawaharlal Nehru Port Authority (JNPA), and Deendayal Port Authority (DPA) — functioning under the Ministry of Ports, Shipping & Waterways (MoPSW).

The MoUs were signed with promoter ports, including Visakhapatnam Port, Paradip Port, Jawaharlal Nehru Port, and Deendayal Port, as well as other major ports such as Shyam Prasad Mukherjee Port, Cochin Port, Chennai Port, and Mumbai Port, to cater to their dredging requirements for the next two to five years.

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A Memorandum of Understanding was signed with Cochin Shipyard for the construction and repair of dredgers under modernisation initiatives aligned with the Atmanirbhar Bharat programme. Another MoU with NMDC Abu Dhabi focuses on forming a joint venture to enhance operational efficiency and global competitiveness.

Under the Atmanirbhar Bharat initiative, DCIL has also partnered with Bharat Earth Movers Ltd  (BEML) for the indigenisation of spares and the construction of inland dredgers. An agreement with IHC aims to modernise existing dredgers and optimise capacity utilisation.

DCIL further collaborated with the National Technology Centre for Ports, Waterways & Coasts (NTCPWC), set up under the Centre of Excellence at IIT Chennai, to form a joint venture for conducting bathymetry surveys across ports and developing a training module for dredging to prepare manpower for future requirements.

Additionally, a memorandum with Indian Oil Corporation Ltd (IOCL) ensures a continuous and uninterrupted supply of fuel and lubricants to DCIL vessels.

Captain S Divakar, Managing Director and CEO, DCIL, (A/C), said, "DCL's current dredging capacity is based on a fleet primarily consisting of 10 Trailer Suction Hopper Dredgers (TSHDs) with a combined hopper capacity of approximately 60,000 cubic meters.

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This fleet enables handling of roughly 50-60 million cubic meters of dredging annually, accounting for nearly 55% of India's total dredging requirement of around 110- 120 million cubic meters per year. The addition of the new vessels would enable the company to increase its foothold in the market and reaffirm its position as market leader."

On Friday (November 1), shares of Dredging Corporation of India Ltd ended at ₹740.80, up by ₹13.45, or 1.85%, on the BSE.

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