DCIL secures order worth Rs 156 crore from Cochin Port Authority

DCIL Bags the prestigious Cochin Port Authority Annual Maintenance Dredging Contract for Rs 156.50 Crores for the Year 2024-25 with a provision to extend for another one year.

 Dredging Corporation of India Limited (DCIL) is proud to announce that it has been awarded the annual maintenance dredging contract by the Cochin Port Authority. The contract, valued at Rs 156.50 Crores, for the year 2024-25 with a provision to extend for another year. This reinforces DCIL's leadership in the dredging sector and its commitment to supporting India's maritime infrastructure.

Read Also : Indian Overseas Bank Offers up gradation Facility on Savings Scheme Variants

Dredging Corporation of India Limited a leader in the dredging industry has a proven track record of executing large-scale dredging projects with precision and efficiency.

The award of this contract to DCIL underscores Cochin Port Authority commitment to maintaining high standards of maritime infrastructure.

This maintenance dredging contract includes dredging of the Cochin Port's outer channel, approach channel, ICTT Basin, LNG Basin Channels (Ernakulam Channel & Mattancherry Channel) & other areas of Cochin Port ensuring the port remains navigable for vessels of various sizes. This operation is crucial for the port's functionality, enabling seamless and efficient maritime trade activities.

Read Also : Government released new list of appointments and recommendations

Dr Madhaiyaan Angamuthu, IAS, Chairman, VPA/DCIL said, "We are honored to have been selected by the Cochin Port Authority for this significant project. This contract is a testament to DCIL's capabilities and our unwavering commitment to delivering high-quality dredging services. We look forward to contributing to the continued success and operational efficiency of Cochin Port."

Read Also : RBI imposes monetary penalty on five banks