DREDGING PORTS FOR SAFE PASSAGE TO PROFITS
HERE IS WHY
DCI preferred choice in the industry Government initiatives to help DCI grow Increasing growth visibility
Dredging Corporation of India Ltd (DCI) is a Mini-ratna public sector unit engaged in the business of dredging. DCI undertakes dredging activity exclusively for Indian seaports. DCI is one of the oldest players in the dredging industry in India. DCI is the preferred choice and undertakes dredging requirements of majority of ports in India. DCI undertakes capital dredging assignments, depending on availability of vessels and other logistics requirements.
Large vessels in India can be berthed only by DCI. This offers significant opportunity for DCI as the dredging activity is on the rise in Indian markets. If we go by the information provided by Ministry of Shipping (MOS), at least 12 major ports have proposed to increase their capacity in the next five years, which entails dredging market pegged at ₹20,000 crore. Setting up of additional berths at majority of private ports, along with announcement of new major ports, pegs the size of the dredging market by volume at over 1 billion cubic metres in the coming five years. Ministry of Shipping has set initial targets and this would lead more work orders for DCI. Clearly, DCI is the undisputed leader in the maintenance dredging business.
3. Prospects of development and maintenance of existing major ports
Building new ports
Onshore resource exploration