Deals4 Jul 2024, 08:36 pm
DREDGING CORPORATION OF INDIA LTD. Wins Cochin Port Authority Dredging Contract Worth Rs. 156.50 Crores
AI Summary
DREDGING CORPORATION OF INDIA LTD. (DCIL) has been awarded the annual maintenance dredging contract by the Cochin Port Authority. The contract, valued at Rs. 156.50 Crores, is for the year 2024-25 with a provision to extend for another one year. This reinforces DCIL's leadership in the dredging sector and its commitment to supporting India's maritime infrastructure. The maintenance dredging contract includes dredging of the Cochin Port’s outer channel, approach channel, ICTT Basin, LNG Basin Channels & other areas of Cochin Port. This operation is crucial for the port's functionality, enabling seamless and efficient maritime trade activities.
Key Highlights
- DCIL wins a significant dredging contract worth Rs. 156.50 Crores from the Cochin Port Authority.
- The contract is for the year 2024-25 with a provision to extend for another one year.
- The contract includes dredging of the Cochin Port’s outer channel, approach channel, ICTT Basin, LNG Basin Channels & other areas.
- This maintenance dredging contract is crucial for the port's functionality and maritime trade activities.
- DCIL's capabilities and commitment to delivering high-quality dredging services are highlighted.