Established in the year 1976 DCIL i.e. The Dredging Corporation of India Limited plays a paramount role in the maritime and shipping industry.

A pioneer organisation in the field of dredging DCIL offers a complete range of dredging and allied services.

Headquartered in Visakhapatnam the organisation ensures ports get the desired depths thru its capital dredging services while also offers maintenance dredging facilities to both major and minor ports, Indian Navy, fishing harbours etc.

DCIL is primarily owned by 4 major ports with VPA having the highest share of 19.47% while the other 3 major ports i.e. JNPA, Paradip port and Deendayal hold 18% each.

The company under the chairmanship of Dr Madhaiyaan Angamuthu, IAS along with MD&CEO(A/C) Mr Durgesh Kumar Dubey, IRTS has been witnessing consistent growth in its business with orders coming in from most major ports and also from other verticals of business.

In its recently held 48th AGM DCIL management stated that for the ensuing FY 2024-25, it is projecting revenues to the tune of Rs1,843 crore and a PAT of about Rs161 crore.

In an official release the company had stated that on the strength of a healthy order book, it anticipates its operational revenues to grow to Rs 2,500 crore over the next five years and reach Rs 5,000 crore within the next decade.

We expect to achieve this growth by consistently enhancing our operational efficiency and expanding our market presence said the release from the company.

One of the most significant highlights of this year has been the remarkable growth in its market capitalization, which has crossed Rs 3,000 crores, reflecting a 239% increase over the previous year. This surge has led to the creation of wealth amounting to Rs 2,000 crores for our shareholders, said the release.

Dredging corporation now ranks among the top 1,000 listed companies in India, marking a significant milestone in its journey.

Its share price recently reached an all-time high of Rs 1,159. ‘For our promoter companies, we have delivered an impressive 100% capital appreciation over a span of five years, with the share price growing from Rs 510 to Rs 1,070’ said the release. The company  primarily relies on maintenance dredging.