Dredging Corporation of India inks MoU with BEML

07 Mar 2024 Evaluate

Dredging Corporation of India (DCI) has signed Memorandum of Understanding (MoU) with BEML for Indigenous Design, Development & Manufacturing of spares for Dredgers & Joint Development of manufacturing of Dredgers. The purpose of this MOU for both the organizations is to recognise indigenisation as one of the strategic tools to achieve cost benefits and also complement their strengths to build a mutually beneficial strong technical base. DCI would prefer to procure a substantial part of hydraulic aggregates, casting & fabrication items for their dredgers, enabling improved availability of dredgers, attain cost effectiveness and improve competitiveness in the Indian and global market. 

This strategic partnership between DCI and BEML marks a significant milestone in India's maritime infrastructure development. By combining DCl's expertise in dredging operations and BEML's proficiency in engineering and manufacturing, the collaboration aims to enhance the indigenous capabilities in the dredging sector and support the country's maritime infrastructure growth. The signing of the MoU between DCIL and BEML marks a significant milestone in India's journey towards self-reliance and technological advancement in the maritime industry. 

Dredging Corporation of India is engaged in providing the services of capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy, marine construction.


Dredging Corp Share Price

842.40 -15.55 (-1.81%)
23-Dec-2024 16:59 View Price Chart
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Company Name CMP
Shipping Corpn. 209.00
GE Shipping 951.00
Dredging Corp 842.40
Seamec 1124.65
Transworld Shipping 413.55
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