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Govt of India eyeing Dredging Corporation of India – Cochin Shipyard Merger

The legislature is thinking about merger of Miniratna Indian public sector unit Dredging Corporation of India (DCI) with another recorded PSU organization Cochin Shipyard, as per the latest leading market sources and reports. “The Shipping Ministry may hold its prior plans for vital disinvestment of Dredging Corporation of India and is rather thinking about consolidating the two PSU organizations,”. The administration has just started the way toward offering its whole stake in DCI. DCI is the main PSU organization in digging business and could give financially savvy digging arrangements at aggressive cost for government tasks to make inland waterways traversable, build, construct and modernize ports.

Dredging Corporation of India (DCI) has bagged a contract worth Rs.88.51 crore from Cochin Port. DCI is the main PSU in India in dredging field and it acquires all major contracts via open competitive bidding process.

The organization in its recording expressed that, it had called for worldwide tenders for Maintenance Dredging for the year 2017-18, amid August 2017. DCI had taken an interest in the offering procedure and was the most minimal bidder with Rs.88.51 crore, in this way it had held the work in its request book for one year from now.

The digging at Cochin Port will be conveyed during the time by utilizing 2 dredgers. Besides, since 2011-12, DCI has been consistently completing the upkeep digging works at Cochin Port.

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