Miscellaneous

DCI to invest ₹2,000 crore in new dredgers, plans ₹500 crore rights issue.

The Dredging Corporation of India (DCI) has announced a significant investment of ₹2,000 crore for the acquisition of two new dredgers, aiming to enhance its operational capacity in maritime projects. Additionally, DCI plans a rights issue worth ₹500 crore to support this funding initiative. This investment is poised to bolster India’s dredging capabilities, aligning with the government’s broader objectives of improving port infrastructure and maritime logistics. By modernizing its fleet, DCI is not only addressing the increasing demands of coastal and inland waterways but also strengthening India’s position in the regional maritime domain, ultimately contributing to the country’s economic growth and strategic interests.

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