DCIL registered its highest-ever annual turnover in FY23
Dredging Corporation of India Limited is among one of the few coveted public sector undertakings headquartered in the city of Destiny, Visakhapatnam.
Established in 1976 DCIL was created to provide dredging services to the major ports in the country. Over the four decades of its existence, it has undoubtedly become a pioneer in the field of dredging.
Owned by the four major ports in the country i.e. VPA, JNPA, PPA, and DPA, DCIL today is armed to offer a complete range of dredging and allied services to customers both in India and abroad.
And with the Atmanirbharta and Make in India mission DCIL has been gearing up to induct newer state of the art machines.
With an 80 % market share in maintenance dredging DCI owns a modern and sophisticated fleet of dredgers.
‘Our perception towards dredging has substantially changed over the past many decades’ said DCIL’s MD and CEO (Addl. Charge), Captain S Divakar speaking exclusively to Vizag Industrial Scan.
Captain Divakar reminisced that DCIL started out by making small dredgers of 3500 capacity in 1970s to now dredgers with 12000 hopper capacity.
‘With ports today becoming bigger & their capacities increasing their demand for deeper drafts too has magnified. Our dredgers today are capable of dredging up to 25-30 meters’ informed Captain Divakar.
Adding New Fleet
DCIL has placed orders for 3 new dredgers at a total cost of Rs 2400 crores. It is estimated that each dredger would take about 36 months to be built wherein the first one is slated to be built by the end of 2025.
These dredgers are being built at the Cochin shipyard with technical expertise coming in from IHC Holland.
Diversifying into new Segments
DCIL over the past few years has made a committed effort by diversifying into newer verticals.
From capital dredging to rock dredging to flood management the organization has ventured into newer segments.
‘We are also working on Desalting of dams and reservoirs to restore water capacity and avoid floods’ said Captain Divakar.
Similarly, DCIL has also forayed into inland waterways and has signed a MoU with IWAI for taking up dredging in the northeastern region.
Beach nourishment and applying beneficial use of dredged material for industrial purposes is another area where DCIL has been making a mark.
It’s thus no surprise that with these new initiatives coupled with resurgent management, DCIL has been posting rewarding results.
The organization for the first time in its 47 years of existence crossed Rs 1100 crores turnover in the recently ended fiscal and has set a target of Rs 1300 crores for FY 24.