Dredging Corporation of India Limited Marks 50 Years with Expansion Roadmap and ₹3,000 Crore Growth Target
Visakhapatnam, March 27, 2026: Dredging Corporation of India Limited (DCIL) celebrated its 50th anniversary, outlining an ambitious expansion roadmap and a target of ₹3,000 crore turnover within the next 5-10 years. Managing Director & CEO Capt. S. Divakar detailed the company's growth trajectory and operational priorities.Established on March 29, 1976, as a Central Public Sector Enterprise, DCIL has significantly enhanced its operational capabilities, growing from a fleet of one or two dredgers to a leading dredging organization. The company’s hopper capacity increased from 3,500 cubic metres to 12,000 cubic metres and its dredging depth capability was enhanced from 10-15 metres to up to 25 metres.
DCIL's financial performance has steadily increased, with revenue growing from ₹150-200 crore to ₹1,146 crore. The current order book stands at approximately ₹1,400 crore.
The company has strengthened its international presence with projects in Saudi Arabia, Bahrain, Taiwan, Sri Lanka, and Bangladesh.
DCIL handles nearly 80% of India's maintenance dredging, accounting for 110 million cubic metres out of a total 150 million cubic metres annually. The company plans to induct 11 new dredgers, including high-capacity hopper dredgers, cutter suction dredgers, and specialized shallow-water vessels. DCIL is collaborating with Indian shipyards, including Cochin Shipyard, Hindustan Shipyard, GRSE, Goa Shipyard, and BEML, supporting Atmanirbhar Bharat and Make in India initiatives.
DCIL is actively exploring new business areas, including submarine cable trenching, offshore wind energy support, and inland waterways development. The company is also planning a ₹1,000 crore equity raise via a rights issue.
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