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{{Use Indian English|date=March 2017}}
{{Use dmy dates|date=February 2017}}
{{Infobox company
|name = Dredging Corporation of India Limited
|native_name =
|native_name_lang =
|logo = Dredging Corp of India logo.png
|logo_size = 170px
|type = [[Port Consortium]]
|traded_as = {{ublist|{{nse|DREDGECORP}}|{{bse|523618}}}}
|industry = {{ublist|[[Dredging]]|[[Land reclamation]]}}
| founded = {{start date|df=yes|1976|03|29}}<ref name="history">{{cite web|title=Company Profile – History|url=http://www.moneycontrol.com/company-facts/dredgingcorporationindia/history/DCI|publisher=[[Moneycontrol.com]]|access-date=6 January 2016}}</ref>
|hq_location_city = [[Visakhapatnam]]
|hq_location_country = [[India]]
|key_people = {{ublist|Prof.Dr. G.Y.V Victor (Managing Director & Chief Executive Officer)|}}<ref>{{cite web|title=Board of Directors|url=http://www.dredge-india.com/corporate-admin-board.html|publisher=Dredging Corporation of India|access-date=6 January 2016|url-status=dead|archive-url=https://web.archive.org/web/20160304184043/http://www.dredge-india.com/corporate-admin-board.html|archive-date=4 March 2016|df=dmy-all}}</ref>
|products = Maintenance Dredging, Capital Dredging, Land Reclamation, [[Beach nourishment]]
|revenue = {{decrease}} {{INRConvert|7438|m}}<ref name= "ar2015">{{cite web|title=39th Annual Report 2014–15|url=http://www.dredge-india.com/files/39th-ann-rep.pdf|publisher=Dredging Corporation of India|access-date=6 January 2016}}</ref>
|revenue_year = 2014
|profit = {{increase}} {{INRConvert|624|m}}<ref name="ar2015" />
|profit_year = 2014
|num_employees = 566<ref name="ar2015" />
|num_employees_year = 2014
|website = {{URL|dredge-india.com}}

}}

'''Dredging Corporation of India Limited''', or '''DCI''', is unit engaged in the business of [[dredging]].<ref>{{cite book|last1=Sridharan|first1=K|title=A Maritime History of India|date=1982|publisher=Publications Division, Ministry of Information and Broadcasting, Government of India|page=393}}</ref> DCI does dredging for Indian [[seaport]]s exclusively. It occasionally dredges at foreign seaports in countries such as [[Sri Lanka]], [[Taiwan]] and [[Dubai]].<ref>{{cite web|title=Company Profile|url=http://in.reuters.com/finance/stocks/companyProfile?symbol=DRDG.BO|archive-url=https://web.archive.org/web/20160205114846/http://in.reuters.com/finance/stocks/companyProfile?symbol=DRDG.BO|url-status=dead|archive-date=5 February 2016|publisher=[[Reuters]]|access-date=6 January 2016}}</ref><ref>{{cite web|title=Company Profile|url=http://www.hdfcsec.com/Market/Information.aspx?CoCode=2335&RptType=History|publisher=[[HDFC securities]]|access-date=6 January 2016}}</ref><ref name="kksport">{{cite news|title=Govt. turns to India for KKS Port project loan|url=http://www.dailymirror.lk/27666/govt-turns-to-india-for-kks-port-project-loan|work=[[The Daily Mirror (Sri Lanka)|The Daily Mirror]]|date=4 April 2013}}</ref> It is mainly involved in maintenance dredging. Almost all the maintenance dredging in Indian seaports is carried out by DCI due to government regulations.<ref>{{cite news|last1=Manoj|first1=P|title=Dredging is a perennial problem area for India's ports|url=http://www.livemint.com/Opinion/ZBdVzUtQkQNuVCoq6kpkpO/Dredging-is-a-perennial-problem-area-for-Indias-ports.html|work=[[Mint (newspaper)|Mint]]|date=5 September 2013}}</ref><ref>{{cite book|last1=Mehta|first1=edited by Pradeep S.|title=A functional competition policy for India|date=2006|publisher=Academic Foundation in association with CUTS International, Jaipur|location=New Delhi|isbn=8171884938|page=240}}</ref> DCI is also involved in capital dredging, beach nourishment, and land reclamation.<ref name="vizagBeachReclaim">{{cite news|last1=Patnaik|first1=Santosh|title=Beach nourishment drive yields result|url=http://www.thehindu.com/news/cities/Visakhapatnam/beach-nourishment-drive-yields-result/article7190129.ece|work=[[The Hindu|The hindu]]}}</ref> The main seaports in which DCI does business are [[Visakhapatnam Port]], [[Haldia]], [[Kandla]], [[Cochin Port]] and [[Ennore Port]].

DCI is headquartered at [[Visakhapatnam]] and has project offices at many seaports in India. It reports to the [[Ministry of Shipping (India)|Ministry of Shipping]].<ref>{{cite book|last1=Ghosh|first1=S.N.|title=Tidal hydraulic engineering|date=1998|publisher=Balkema|location=Rotterdam [u.a.]|isbn=9054107359|page=137}}</ref>
It is [[ISO 14000|ISO 14001:2004]] and [[ISO 9000|ISO 9001:2008]] certified.

==About==
DCI was incorporated as a public sector organisation in March 1976. [[Companies Act 1956]].<ref name="history" /> It was listed on [[Calcutta Stock Exchange|CSE]] and [[Delhi Stock Exchange Association|DSE]] stock exchanges in October 1992 and debuted on [[Bombay Stock Exchange|BSE]] on 28 February 2000.<ref>{{cite web|title=Corporate Info Listing on BSE|url=http://www.bseindia.com/stock-share-price/stockreach_corpinfo.aspx?scripcode=523618&expandable=8|publisher=[[Bombay Stock Exchange]]|access-date=6 January 2016}}</ref> It went for an [[Initial public offering]] in March 2004.<ref>{{cite web|title=DCIL IPO Listing details|url=http://www.cmlinks.com/pub/ba/bashow.asp?code=2335|website=cmlinks.com|access-date=6 January 2016}}</ref> DCI engaged IHC Dredgers BV, [[Netherlands]] for design, construction and delivery of 5500 cu. m TSHD in 2011.<ref>{{cite news|title=Dredging Corporation of India signs a contract with IHC Dredgers BV, Netherlands|url=http://www.indiainfoline.com/article/capital-market-corporate-news/dredging-corporation-of-india-signs-a-contract-with-ihc-dredgers-bv-netherlands-114021326814_1.html|publisher=IndiaInfonline|date=13 February 2014}}</ref> It changed strategy to raise funds for purchasing additional dredgers by asking the seaports for investments.<ref>{{cite news|title=Dredging Corporation in talks with ports to raise funds for dredgers|url=http://www.thehindubusinessline.com/economy/logistics/dredging-corporation-in-talks-with-ports-to-raise-funds-for-dredgers/article4488082.ece|work=[[Business Line]]|date=8 March 2013}}</ref> The capital thus raised was used to replenish its old fleet. The Government of India reduced current stake in the company by 5 percent.<ref>{{cite news|last1=Paladhi|first1=Arijit|title=Dredging Corp to yield little through divestment|url=http://www.business-standard.com/article/economy-policy/dredging-corp-to-yield-little-through-divestment-115011400025_1.html|work=[[Business Standard]]|date=14 January 2015}}</ref><ref>{{cite news|title=Government plans to sell 5 per cent stake in Dredging Corporation of India Ltd|url=http://economictimes.indiatimes.com/industry/banking/finance/finance/government-plans-to-sell-5-per-cent-stake-in-dredging-corporation-of-india-ltd/articleshow/45988865.cms|work=[[The Economic Times]]|date=23 January 2015}}</ref> The offer for sale of 5 percent stake was well received by the investors.<ref>{{cite news|last1=Dhanjan|first1=Swaraj Singh|title=Dredging Corp. offer for sale subscribed 2.65 times|url=http://www.livemint.com/Money/BzaqWwFWFmHOfLOwZ73W1K/Dredging-Corp-offer-for-sale-subscribed-265-times.html|work=[[Mint (newspaper)|Mint]]|date=21 August 2015}}</ref> As part of its diversification plans DCI expresses interest to foray into international markets.<ref>{{cite news|last1=Manoj|first1=P|title=Dredging Corp. eyes inland waterways, foreign markets|url=http://www.livemint.com/Companies/pnkjo4WWygyzDhZTZtOdxM/Dredging-Corp-eyes-inland-waterways-foreign-markets.html|work=[[Mint (newspaper)|Mint]]|date=1 April 2015}}</ref> Ex-chairman and managing director, Abraham Kuruvilla finds mention in bringing widespread reforms in the corporate management techniques at DCI.<ref>{{cite book|last1=Posner|first1=Barry Z.|last2=Kouzes|first2=James M.|last3=DeKrey|first3=Steven J.|title=Making extraordinary things happen in asia applying the five practices of exemplary leadership|date=2013|publisher=Jossey-Bass|location=San Francisco, Calif.|isbn=1118518543|page=49}}</ref><ref>{{cite book|last1=Dam|first1=Congress organized by EADA on behalf of the World Organization of Dredging Associations WODA ... co-sponsored by IADC, International Association of Dredging Companies ... [] ; editor, V.L. van|title=Dredging for development : proceedings of the XIIIth World Dredging Congress 1992, Bombay, India, 7–10 April 1992|date=1992|publisher=WODA|location=[[Delft]]|isbn=818502720X|page=ii}}</ref><ref>{{cite book|title=The Leadership Challenge|date=2010|publisher=Wiley|location=New York|isbn=0470947594|page=22|edition=4th}}</ref> On 1 November 2017, the [[Government of India]] approved the privatization of Dredging Corporation of India <ref>http://www.financialexpress.com/economy/psu-disinvestment-government-approves-entire-73-stake-sale-in-dredging-corp-of-india/915256/</ref> On 8 November 2018, the [[Government of India]] approved the stake of DCI to 4 Major Ports. DCI has been handed over to 4 major ports viz: Vishakhapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust.<ref>https://www.bloombergquint.com/business/cabinet-clears-strategic-sale-of-government-equity-in-dredging-corporation-of-india#gs.4IIPytI</ref>

===Financial Performance summary===
The company has been through some rough weather with profits and revenues fluctuating wildly (see table below for detailed information). This is mainly due to its high dependency on Government funded projects and associated macro level economic fluctuations in the country.<ref name="ar2015" />

{| class="wikitable sortable"
|+
! Year!! Revenue!!% Change!!Profit!!% Change
|-
| 2015|| {{INRConvert|7438|m}}||{{decrease}} {{pct|{{#expr: 7437.9 - 7727.0}}|7727.0|pad=2}}||{{INRConvert|624|m|}}||{{increase}} {{pct|{{#expr: 624-375.5}}|375.5|pad=2}}
|-
| 2014|| {{INRConvert|7727|m}}||{{increase}} {{pct|{{#expr: 7727.0 - 6380.2}}|6380.2|pad=2}}||{{INRConvert|375.5|m|}}||{{increase}} {{pct|{{#expr: 375.5-205.1}}|205.1|pad=2}}
|-
| 2013|| {{INRConvert|6380|m}}||{{increase}} {{pct|{{#expr: 6380.2 - 4976.1}}|4976.1|pad=2}}||{{INRConvert|205.1|m|}}||{{increase}} {{pct|{{#expr: 205.1 - 131.8}}|131.8|pad=2}}
|-
| 2012|| {{INRConvert|4976|m}}||{{decrease}} {{pct|{{#expr: 4976.1 - 5227.2}}|5227.2|pad=2}}||{{INRConvert|131.8|m|}}||{{decrease}} {{pct|{{#expr: 131.8 - 395.1}}|395.1|pad=2}}
|-
| 2011|| {{INRConvert|5227|m}}||{{decrease}} {{pct|{{#expr: 5227.2 - 6939.5}}|6939.5|pad=2}}||{{INRConvert|395.1|m|}}||{{decrease}} {{pct|{{#expr: 395.1 - 700.5}}|700.5|pad=2}}
|-
| 2010|| {{INRConvert|6939.5|m}}||{{decrease}} {{pct|{{#expr: 6939.5 - 8322.2}}|8322.2|pad=2}}||{{INRConvert|700.5|m|}}||{{increase}} {{pct|{{#expr: 700.5 - 463.7}}|463.7|pad=2}}
|-
| 2009|| {{INRConvert|8322|m}}||{{increase}} {{pct|{{#expr: 8322.2 - 7714.7}}|7714.7|pad=2}}||{{INRConvert|463.7|m|}}||{{decrease}} {{pct|{{#expr: 463.7 - 1548.2}}|1548.2|pad=2}}
|-
| 2008|| {{INRConvert|7715|m}}||{{increase}} {{pct|{{#expr: 7714.7 - 6262.1}}|6262.1|pad=2}}||{{INRConvert|1548.2|m|}}||{{decrease}} {{pct|{{#expr: 1548.2 - 1887.3}}|1887.3|pad=2}}
|-
| 2007|| {{INRConvert|6262|m}}||{{increase}} {{pct|{{#expr: 6262.1 - 5447.3}}|5447.3|pad=2}}||{{INRConvert|1887.3|m|}}||{{increase}} {{pct|{{#expr: 1887.3 - 1764.6}}|1764.6|pad=2}}
|}

==Fleet==
Dredger fleet consists mainly of [[Dredging#Trailing suction|Trailing Suction Hopper Dredgers (TSHD)]], [[Dredging#Cutter-suction|Cutter Suction Dredgers (CSD)]] and [[Dredging#Backhoe/dipper|Backhoe Dredgers]].<ref>{{cite web|title=Corporate Presentation|url=http://www.dredge-india.nic.in/files/DCI%20Roadshow%20Presentation2015.pdf|publisher=Dredging Corporation of India|date=16 August 2015}}</ref>

TSHD Class dredgers includes DCI Dredge VI, DCI Dredge VIII, DCI Dredge IX, DCI Dredge XI, DCI Dredge XII, DCI Dredge XIV, DCI Dredge XV, DCI Dredge XVI, DCI Dredge XVII, DCI Dredge XIX, DCI Dredge XX and DCI Dredge XXI. CSD category dredgers are DCI Dredge VII, DCI Dredge Aquarius, DCI Dredge XVIII and DCI ID Ganga. There is one Backhoe Dredger namely DCI Dredge BH1. There are multiple Survey Launches pressed into service viz. DCI Survey Launch I, DCI Survey Launch II, DCI Survey Launch III. The fleet also includes a multi-purpose craft DCI Multicat I and a special utility purpose craft named DCI Tug VII.

==Projects==
* Bulk dredging for the [[Sethusamudram Shipping Canal Project]] (SSCP) has been done by DCI.<ref>{{cite news|title=Dredging Corp. seeks arbitration to recover dues from Sethusamudram Project|url=http://www.livemint.com/Politics/rwwL2EIQ4kj2xTcBk96yiJ/Dredging-Corp-seeks-arbitration-to-recover-dues-from-Sethus.html|work=[[Mint (newspaper)|Mint]]|date=19 February 2013}}</ref><ref>{{cite book|title=General Knowledge Manual|publisher=Tata McGraw-Hill|page=180|edition=2007}}</ref>
*[[Kankesanthurai#Port|KKS]] port dredging<ref name="kksport"/>
* Nourishment of [[RK Beach|Ramakrishna Mission Beach]]<ref name="vizagBeachReclaim" />
* Dredging of [[Hussain Sagar]] lake to restore its depleting ecosystem.<ref>{{cite book|last1=Ghosh|first1=G. K.|title=Water of India : quality and quantity|date=2002|publisher=A.P.H. Publ. Co.|location=New Delhi|isbn=8176482943|page=76}}</ref>

==References==
{{reflist|30em}}

==External links==
* [http://www.dredge-india.nic.in/ Dredging Corporation of India Limited]
* [https://web.archive.org/web/20130719123802/http://dpe.nic.in/publications/list_of_maharatna_navratna-and_miniratna Department of Public Enterprises, India]

{{Public Sector Undertakings in India}}

{{Authority control}}

[[Category:1976 establishments in Andhra Pradesh]]
[[Category:Government-owned companies of India]]
[[Category:Construction and civil engineering companies established in 1976]]
[[Category:Companies based in Visakhapatnam]]
[[Category:Ministry of Ports, Shipping and Waterways (India)]]
[[Category:Dredging companies]]

Dredging Corporation of India - Revision history

>GreenC bot at 08:20, 5 July 2021