Dredging Corporation of India gives Divedend for 2014-15 to Government of India

The Dredging Corporation of India Limited (DCI) today gave dividend cheque of Rs. 6,17,93,100/- for 2014-15 to the Government of India. The cheque was handed over to Union Minister of Shipping and Road Transport & Highways Shri Nitin Gadkari by Shri Rajesh Tripathi, Chairman and Managing Director of the Corporation in New Delhi. Shri Rajive Kumar, Secretary, Shipping and other senior officers of the Ministry were present on the occasion.

The Profit after tax of the Company increased to Rs. 6240.84 lakh for the year as compared to Rs. 3754.67 lakh for the previous year registering a rise of 66%.

The Company has in the last three years acquired three Trailer Suction Hopper Dredgers of 5500 capacity each. The dredgers have joined the fleet and performing very well.

In continuation of the steps taken for capacity augmentation, the Company has proposals to purchase two more higher capacity dredgers in 12th Plan 2012-17.