About Dredging Corporation of India Limited (DCI)

Dredging Corporation of India Limited (DCI), established in 1976, is a specialist provider of dredging and allied marine services to India’s maritime ecosystem. The company began by serving the dredging needs of major ports and today supports major and minor ports, the Indian Navy, shipyards, fishing harbours, and inland waterways with comprehensive solutions across maintenance dredging, capital dredging, land reclamation, and related works. Headquartered in Visakhapatnam with its Registered Office in New Delhi, DCI operates through project offices at key port locations, including Haldia, Ennore, Mangalore, Paradip, Visakhapatnam, Chennai, Cochin, Mumbai, and JNPA. While its primary focus is India, DCI has executed international projects in Sri Lanka, Taiwan, and the UAE.

DCI is under the administration of four major ports—Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority, and Deendayal Port Authority (Kandla). As of March 31, 2025, promoters (the four Port Trusts/Authorities) held 73.47% of the equity. The company’s vision and mission emphasise becoming a global player in integrated dredging, reclamation, and marine services, with capabilities spanning shallow-water/inland dredging, underwater mining, and project consultancy.

DCI operates a diversified fleet comprising 10 Trailer Suction Hopper Dredgers (TSHDs), one Cutter Suction Dredger (CSD), one Backhoe Dredger, and one Inland CSD, supported by ancillary crafts. In FY 2024-25, capacity utilisation stood at 77.54% in operational days and 81.25% in quantity dredged; the company attributed lower utilisation primarily to dry-docking and the ageing profile of certain dredgers. The company had no subsidiaries, associates or joint ventures during FY 2024-25; the annual reporting boundary is standalone as there are no holdings, subsidiaries, or associate companies.

Dredging Corporation of India Limited (DCI) Key milestones 

DCI’s execution of international projects alongside a continued nationwide footprint across Indian ports and the advancement of plans to modernise capacity through new dredger procurement, reinforces its role as a strategic partner to India’s port-led growth.

Dredging Corporation of India Limited (DCI)  Business Segments

– Segment contribution: Dredging contributed 100% of the company’s turnover in FY 2024-25.

– Geographic contribution: Exports accounted for Nil; the contribution of international operations to total turnover was 0%, indicating a fully domestic revenue base during the year.

Dredging Corporation of India Limited (DCI)  Key Management

• Dr. Madhaiyaan Angamuthu, IAS – Chairman.
• Durgesh Kumar Dubey, IRTS – Managing Director & CEO (A/c).
• P. Uma Gandhi – Chief Financial Officer.
• P. Chandra Kalabhinetri – Company Secretary.

Dredging Corporation of India Limited (DCI) Latest Updates

• Fleet modernisation: DCI progressed its long-term fleet augmentation plan with the procurement of a new dredger costing 104.59 million Euros. The first dredger is targeted for delivery by 2025, the second by 2028, and the third will be considered based on performance and market viability; all instalments due in FY 2024-25 were paid on time .
• Operations footprint: The company maintained an extensive national presence across project offices at Haldia, Ennore, Mangalore, Paradip, Visakhapatnam, Chennai, Cochin, Mumbai, and JNPA, enabling responsiveness to port-led dredging requirements across India.
• Corporate actions: DCI’s securities were delisted from the official list of the Calcutta Stock Exchange with effect from March 29, 2025, as recorded in the Secretarial Audit Report.
• Business focus unchanged: There was no change in the nature of business during FY 2024-25, with the company continuing to focus on dredging and related marine services.