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Home > Business India > Company Profiles: Dredging Corporation Of India Ltd.

Dredging Corporation Of India Ltd.
Registered Office : Core: 2 1st Floor "SCOPE MINAR" Plot No. 2A & 2B Delhi Delhi - 110092 Tel: 22448528
Business Group: Public Sector Industry Type: Miscellaneous
Key Officials:
Dr. A R Goyal
Mr. P V Ramana Murthy
Dr. S Narasimha Rao
Capt. S S Tripathi
Mr. S Balachandran
Dr. Gautam Barua
Mr. A Sounderaraajan
Mr. Rakesh Srivastava
Dr. Debashis Sanyal
Director
Director
Director
Chairman and Managing director
Director
Director
Director
Director
Director
Public Issue Date: Not Available BSE CODE: 523618 NSE CODE: DREDGECORPEQ
Face Value: 10 Market Lot: 1 ISIN: INE506A01018
Current PE: 4.1127 Current Market Capital: 636.72
Promoters %: 78.5632
Promoters Shares: 21997700
Institution Investment %: 13.7353
Institution Investment Shares: 3845887
Auditor:
Ambika & Isha
Banker:
Registrar:
Karvy Computershare Private Ltd Plot No.17-24Vittal Rao NagarCyberabadMadhapurHyderabad 500081 Andhra Pradesh 23420815
Company History: 1976

- The company was originally incorporated as a private limited companyon 29 March and was subsequently converted into a public limitedcompany on 10 March 1992. The main object of the company is Dredgingactivity i.e. engaged in executing capital and maintenance dreadgingfor ports to open new parts and/or to expand the existing ports.

- Due to the difficulties experienced in catering to specialiseddredging requirements the Government of India decided to incorporate afully owned Govt. company under the Companies Act 1956.

- Marine dredging ships are equipped with sophisticated equipmentincorporating latest technology. There are 3 nos. cutter sectiondredgers having a pumping capacity of 1000 cu.m./hr to 3640 cu.m./hr. 8 nos. trailer suction dredgers having a hopper capacity of 3450 cu.m.to 6500 cu.m. and 3 nos. inland dredgers having a pumping capacity of100 to 200 cu.m./hr.

- Over the years the corporation has developed expertise andcapability to undertake capital and maintenance dredging landreclamation desiltation of lakes and ponds salvage and towage etc.

- 280 00 00 No. of equity shares issued subscribed and paid up (1 400shares of these fully paid up; 279 98 600 shares issued forconsideration other than cash).

1984

- It has acquired 3 Portable Cutter Suction Dredgers with a totalcapacity of 16 lakh cu.m. Unlike the bigger sea going dredgers theseportable dredgers can be dismantled into smaller sections transportedon the road and reassembled in whichever site it is required to work.

2001

-Dredging Corporation is in the hunt for strategic partner in a bid to get moreexposure in foreign waters.

2002

-BSE informed its members that special margin of 25% has been imposedon dredging Corporation.

2003

-The crew/monthly paid workers at the behest of their union Forward SeimensUnion of India served notice to the management of the company that theywould commence their work to rule the agitation on DCI Dredgers.

-Dr Ramesh Gupta has ceased to be the directors of the Dredging Corporationof India on completion of his term of 3 years.

-Dr.S Kathiroli Project Director National Institute of Ocean Technology has beenappointed as part time non-official director on the board of Dredging Corporationof India Ltd.

2004

-Comes out with public issue of 5.60 million equity shares receives the highest subscription for a public offer of the government's stake in a big-ticket company cut-off price fixed at Rs 400 per share

2007

- Dredging Corporation Of India Limited has informed that "Ministry vide its letter No.PO-28028/20/2006-DCI dtd.7/9/2007 informed the appointment of Capt. S.S.Tripathi as Chairman-cum-Managing Director of the company. Capt Tripathi assumed charge as Chairman-cum-Managing Director of the company on 12/9/2007 from Shri A.K.Dhar. Shri A.K.Dhar was holding the charge Chairman-cum-Managing Director DCI in addition to his duties as Director (Finance)".

(Source: RTGSL)


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