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Government’s Maritime Push Propels DCI Toward Global Competitiveness and Sustainable Growth.

Dredging Corporation Shares Surge 20% After ₹4,000 Cr Modernisation Boost and ₹17,645 Cr MoUs.                                                                                                     

Shares of Dredging Corporation of India (DCI) hit a 20% upper circuit at ₹888.95 on the BSE after the government announced a ₹4,000 crore modernisation plan and DCI signed 22 MoUs worth ₹17,645 crore with 14 partners during India Maritime Week 2025. The initiative, unveiled by Prime Minister Narendra Modi, aims to enhance DCI’s dredging capacity, efficiency, and sustainability under the Maritime India Vision 2030 and Atmanirbhar Bharat 2047 goals. The plan includes the acquisition of 11 new dredgers, fleet upgrades, digitalisation, and workforce upskilling. Key MoU partners include Cochin Shipyard, Bharat Earth Movers Ltd (BEML), Hindustan Shipyard Ltd, and NMDC Abu Dhabi, covering dredger construction, infrastructure development, and technical collaborations. Operating under a consortium of major ports—Visakhapatnam, Paradip, JNPA, and Deendayal—DCI’s expansion signals India’s growing maritime self-reliance and a major scale-up in public-private collaboration within the sector.