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History of Dredging Corporation Of India Ltd.

1976

- The Comp. was originally incorporated as a private limited company on 29 March, & was subsequently converted into a public limited company on 10 March 1992. The main object of Comp. is Dredging activity i.e. engaged in executing capital & maintenance dreadging for ports to open new parts and/or to expand the existing ports.

- Due to the difficulties experienced in catering to specialised dredging requirements the Government of India decided to incorporate a fully owned Govt. Comp. under the Companies Act, 1956.

- Marine dredging ships are equipped with sophisticated equipment incorporating latest technology. There are 3 nos. cutter section dredgers 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. & 3 nos. inland dredgers having a pumping capacity of 100 to 200 cu.m./hr.

- Over the years, the corporation has developed expertise and capability to undertake capital & maintenance dredging land reclamation, desiltation of lakes & ponds, salvage & towage etc.

- 280,00,00 No. of equity shares issued, subscribed & paid up [1,400 shares of these fully paid up; 279,98,600 shares issued for consideration other than cashs].

1984

- It has acquired 3 Portable Cutter Suction Dredgers with a total capacity of 16 lakh cu.m. Unlike the bigger sea going dredgers, these portable dredgers can be dismantled into smaller sections, transported on the road & reassembled in whichever site it is required to work.

2001

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

2002

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

2003

-The crew/monthly paid workers at the behest of their union, Forward Seimens Union of India served notice to the management of Comp. that they would commence their work to rule the agitation on DCI Dredgers.

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

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

2004

-Comes out with public issue of 5.60 million equity shares, receives the highest subscription for a public offer of government 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 company. Capt Tripathi assumed charge as Chairman-cum-Managing Director of Comp. 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 [Finances]'.