Dredging Corporation of India signs five year fuel supply deal with Indian Oil to secure dredging fleet operations and support key port infrastructure projects. Shares of Dredging Corporation of India Ltd ended higher on Friday, April 17, by 0.35%, at ₹975.35 on the NSE.
Dredging Corporation of India Ltd (DCI) has signed a ₹2,157.07 crore fuel supply agreement with Indian Oil Corporation Ltd (IOCL) to secure long-term fuel requirements for its dredging fleet.
The five-year Memorandum of Understanding (MoU), is aimed at ensuring a steady and reliable supply of fuel for DCI’s operations across the country, supporting key maritime and port infrastructure projects, according to the exchange filing.
The agreement reinforces the long-standing association between the two public sector firms and is expected to enhance DCI’s operational readiness, stated the filing. By securing a stable fuel supply, the pact will support uninterrupted dredging operations across major ports and infrastructure projects, even as energy markets remain uncertain.
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