Dredging Corporation Of India

Dredging Corporation of India hit an over 16-year high of Rs 1,130.55 as they were locked in the 10 per cent upper circuit on Wednesday

Among shipping stocks - SCI, GE Shipping and Dredging have logged multi-fold returns over the last few years; here's what the chart suggests for the likely trend going ahead.

The company said that they are aiming at a record highest turnover of Rs 1,200 crore for FY24

Dredging Corporation of India Ltd (DCI) on Friday announced returning to black as it posted a net profit of Rs 15.15 crore for the April-June quarter on account of reduced expenses. The company had reported a net loss of Rs 15.71 crore in the April-June period of 2022-23. The total income declined to Rs 205.18 crore in the first quarter from Rs 218.36 crore in the year-ago quarter, according to an exchange filing. Expenses declined to Rs 189.53 crore from Rs 233.83 crore in April-June FY23. Its earnings before interest, taxes, depreciation and amortization (EBIDTA) jumped more than two-fold to Rs 55.86 crore in the April-June quarter over Rs 25.10 crore in the same period of the last year. The company said it will continue to focus on advancing technological capabilities and expanding its project portfolio. Shares of the company were trading at Rs 380.60 apiece, up 3.90 per cent from its previous close on BSE. Based in Visakhapatnam in Andhra Pradesh, Dredging Corporation of Ind

Dredging Corporation of India Ltd (DCI) is targeting a 12 per cent growth to hit the turnover of more than Rs 1,300 crore in the ongoing financial year, MD & CEO S Divakar said. To achieve the goal, the company is looking to participate in new dredging tenders and also planning to enter new markets, Divakar told PTI. "Our turnover was at Rs 1,164 crore in FY22-23. It is the highest ever turnover since inception of the company. Going forward, we are now targeting the new milestone of over Rs 1,300 crore in the ongoing financial year," he said. When asked about the factors that would contribute to the company's growth, the CEO said the scope of dredging activity in the country is expected to grow significantly in the months to come as government's focus is on deepening and widening navigational channels of major ports, and developing the inland waterways for improving the intra & inter EXIM trade. The company is eyeing to tap the new dredging works of several ports such as Syama

Knowledge Marine and Engineering Works Limited has bagged a Rs 70 crore order from state-owned Dredging Corporation of India for capital dredging at Mangrol Fishing Harbours Phase III in Gujarat

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The agreement is for constructing the first beagle series 12 trailing suction hopper dredger, an official statement said

Wipro announced the appointment of Rene Mulder as Country Head and Managing Director of its Switzerland operations

Bharat Petroleum Corporation (BPCL) hit a new high of Rs 548, up 6 per cent.

E-commerce firms had to change the way they functioned after the government enforced new FDI norms in the sector on February 1

DCIL is a listed entity under the administrative control of the Ministry of Shipping

The stock hit a 52-week high of Rs 716 in intra-day, rallied 51% from Rs 475 on March 10, 2017.