DREDGECORP.NSE News

Dredging Corporation of India has secured a vital five-year fuel supply deal with Indian Oil Corporation.

Colombo [Sri Lanka], April 8 (ANI): Indian High Commissioner to Sri Lanka Santosh Jha took part in the signing of the MoU for Cooperation between Colombo Dockyard and Dredging Corporation of India. The High Commission said on Tuesday that the Indian maritime sector also stands to benefit from the high skill set of the Colombo Dockyard. In a post on X, the High Commission said, 'High Commissioner Santosh J

Mumbai (Maharashtra) [India], April 8: Knowledge Marine & Engineering Works Limited (KMEW) is pleased to announce the commissioning of River Pearl 47, the largest and deepest Indian-flag, self-propelled backhoe dredger, at Jawaharlal Nehru Port Authority (JNPA) under contract with the Dredging Corporation of India. This significant addition further strengthens KMEW's specialized dredging fleet and reinforces its capability to execute complex marine infrastructure and port development projects across India.

Dredging Corporation of India Limited has entered into a Memorandum of Understanding with Colombo Dockyard PLC on April 7, 2026, to collaborate on ship repair, maintenance, and shipbuilding projects. The partnership aims to combine DCIL’s dredging expertise with Colombo Dockyard’s infrastructure capabilities, focusing on cost-effective, timely solutions.

DCIL is celebrating its Golden Jubilee Year

Capt. S. Divakar takes charge as MD and CEO of Dredging Corporation of India, following board approval for his appointment.

Sagarmala Finance Corporation Limited (SMFCL), India’s first maritime-focused NBFC, has commenced lending operations and sanctioned around Rs 4,300 crore in loans. Key allocations include nearly Rs 4,000 crore for a greenfield port project, Rs 150 crore to Dredging Corporation of India, and Rs 110 crore to Goa Shipyard. SMFCL targets an Rs 8,000 crore loan book in FY26.

New Delhi, Jan 1 : The government has said that Sagarmala Finance Corporation Limited (SMFCL), India’s first maritime focused non-banking financial company (NBFC), commenced its lending operations and approved loan sanctions of about Rs 4,300 crore. With this, SMFCL has formally entered the maritime lending space in line with the strategy approved by its Board, said Ministry of Ports, Shipping and Waterways. “SMFCL’s entry into lending marks an important step in strengthening maritime infrastructure and enterprise financing. This initiative draws strength from our dynamic PM Modi’s bold, inspiring and visionary leadership,” said Union Minister Sarbananda Sonowal. “Such commitment to long-term, future-ready growth has created the ecosystem that enables specialised institutions like SMFCL to catalyse development across the blue economy. With strengthened maritime sector, we are cruising smoothly towards our goal of Viksit Bharat,” the minister noted. This follows an aggressive market roadmap cleared at SMFCL’s annual general meeting (AGM), where the Board approved an overall borrowing limit of Rs 25,000 crore and a lending target of Rs 8,000 crore for the current financial year. “With the latest sanctions scheduled for disbursement within the ongoing fiscal year, SMFCL is targeting a loan book of Rs 8,000 crore in FY 2025-26, reinforcing its ambition to emerge as a dedicated and credible financier for the maritime sector,” said the ministry in a statement.

PM Modi announces ₹4000 crore for modernizing Dredging Corporation of India, enhancing fleet and capacity for improved dredging infrastructure.