Dredging Corporation of India Share Price Jumps Over 16% on Signing ₹17,645 Crore Worth of MoUs at India Maritime Week 2025

Dredging Corporation of India Ltd (DCIL) said it has signed 22 Memoranda of Understanding (MoUs) with 16 organisations worth ₹17,645 crore. The MoUs were formalised during the India Maritime Week 2025 held in Mumbai between October 27 and 31, 2025, as per the exchange filings. 

These agreements cover dredging works, vessel construction, fuel supply, and training-related initiatives.

Partnerships with Ports

DCIL signed agreements with several ports, including Visakhapatnam, Paradip, Jawaharlal Nehru, Deendayal, Cochin, Chennai, Mumbai, and Shyam Prasad Mukherjee Ports. 

These MoUs will address dredging needs across these ports for the next 2 to 5 years. The company also entered into an agreement with Hindustan Shipyard Ltd for dredger repairs and maintenance.

Projects Under Atmanirbhar Bharat

As part of the Atmanirbhar Bharat programme, DCIL signed an MoU with Cochin Shipyard for dredger construction and repair. Another agreement with Bharat Earth Movers Ltd (BEML) focuses on indigenising dredger spares and developing inland dredgers. The company also partnered with IHC to modernise existing dredgers and improve operational capacity.

Technical and Training Initiatives

DCIL entered into an MoU with the National Technology Centre for Ports, Waterways and Coasts (NTCPWC) at IIT Chennai to conduct bathymetric surveys and prepare training modules for dredging operations. 

These initiatives are to build skilled manpower for future projects. Additionally, a tie-up with Indian Oil Corporation Ltd (IOCL) will help with a steady supply of fuel and lubricants for DCIL’s fleet.

Operational Details

DCIL functions under a consortium of 4 major ports, Visakhapatnam, Paradip, Jawaharlal Nehru, and Deendayal, under the Ministry of Ports, Shipping and Waterways. The company currently operates 10 Trailer Suction Hopper Dredgers with a combined hopper capacity of 60,000 cubic meters. 

The fleet handles about 50-60 million cubic meters of dredging annually, which is around 55% of India’s total dredging requirement.

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Dredging Corporation Share Price Performance

As of November 3, 2025, 09:47 AM, Dredging Corporation share price was trading at ₹860.80, a 16.14% increase from the previous closing price.

Conclusion

These agreements outline DCIL’s upcoming projects and partnerships aimed at managing dredging activities and related infrastructure requirements across Indian ports.

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