Dredging Corporation of India (DCI) has secured annual maintenance dredging contract worth Rs 122.50 crore from Cochin Port Trust.
The work awarded through a tender, includes maintaining the channel and basin at Cochin Port from May 2021 to May 2022, the company said in a statement. DCI has commenced dredging at the port by deploying Dredge XV and Dredge VIII.DCI is engaged in providing the services of capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy, marine construction.
The company reported a net loss of Rs 25.61 crore in Q3 FY21 as against a net profit of Rs 31.36 crore in Q3 FY20. Net sales rose 27.9% to Rs 259.04 crore in Q3 FY21 over Q3 FY20.
The scrip shed 0.13% to currently trade at Rs 393 on the BSE.
In the past one month, the stock has added 14.03% while the benchmark Sensex has gained 4.46% during the same period.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app