DCIL Wins Rs 2,000 Crore Dredging Contract in West Bengal
Jun 12, 2024 13:54
Dredging Corporation of India Ltd (DCIL) wins a Rs 2,000 crore contract for maintaining the Hooghly Estuary in West Bengal, ensuring smooth maritime operations.
New Delhi, Jun 12 (PTI) Dredging Corporation of India Ltd (DCIL) has secured a contract worth over Rs 2,000 crore from Syama Prasad Mookerjee Port Authority in West Bengal.
The contract is for maintenance of dredging in the Hooghly Estuary primarily in the shipping channel leading to Haldia Dock, DCIL said in a statement.
The value of the five-year contract is Rs 2,015.88 crore, the company said.
The Hooghly Estuary is a vital waterway for maritime trade, and maintaining its depth is essential for the safe passage of vessels to and from the Haldia Dock. The maintenance dredging is crucial for ensuring the navigability of the shipping channel, thereby facilitating smooth and efficient maritime operations in the region, it said.
DCIL Chairman Madhaiyaan Angamuthu said the company will meet the stringent requirements of the project.
Based in Visakhapatnam, Andhra Pradesh, DCI caters to dredging and allied services to ports, Indian Navy, fishing harbours and other maritime organisations.
Home »
Market News » DCIL Wins Rs 2,000 Crore Dredging Contract in West Bengal
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
MF AUM to Cross Rs 300 Lakh Cr by FY35: Report
Mutual fund AUM projected to exceed Rs 300 lakh crore by FY35, driven by retail...
Areca & Coconut Prices in Mangaluru
Areca and coconut prices in Mangaluru on Tuesday. Check the latest market rates for old...
Gold & Silver Futures Drop Ahead of Fed Outcome
Gold and silver futures decline as traders book profits before the Fed policy decision....
AMSL to Invest Rs 1,500 Cr in Telangana Defence...
Apollo Micro Systems Ltd (AMSL) signs MoU with Telangana to invest Rs 1,500 crore in...
Commodities Prices Today
Daily commodities prices in Bengaluru. Check the latest rates for rice, jowar, jaggery,...
Sahaj Insurance Gets IRDAI Licence, Targets 10...
Sahaj Insurance gets IRDAI corporate agency licence, aiming to sell 10 crore insurance...
Welspun One Invests Rs 550 Cr in Pune Logistics...
Welspun One to invest Rs 550 crore in a 1.2 million sq ft Grade-A logistics park in...
HRS Aluglaze IPO Opens Dec 11 | SME IPO
HRS Aluglaze''s Rs 50.9 cr SME IPO opens Dec 11. Price band Rs 94-96. Funds to fuel...
Vingroup Invests USD 3 Billion in Telangana
Vingroup to invest USD 3 billion in Telangana across smart urban development, electric...
ATGC Biotech & Luxembourg Industries JV
ATGC Biotech and Luxembourg Industries form Semiophore Ltd, a joint venture for crop...
Read More »