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Dredging Corporation of India is looking to more than double its topline to Rs 3,000 crore in the next five years, the company's MD & CEO Capt S Divakar said, adding that the company is looking to explore new markets and areas to achieve this goal. Visakhapatnam-based Dredging Corporation of India Ltd (DCIL) is the country's premier dredging company with around five decades of experience in dredging operations, maritime infrastructure and inland waterways. "We are one of the oldest dredging companies in the country. Growing consistently, DCIL reached Rs 1,148 crore topline 2024-25 which is around double of Rs 550 crore in 2015. We are eyeing to double it again. We are eyeing a Rs 3,000 crore topline in the next 5-6 years," the official said in a video interview to PTI ahead of the Golden Jubilee event of the company scheduled for March 29. To achieve the goal, Divakar said DCIL is looking to participate in new maintenance dredging tenders, reclamation projects and preparing to ...
India needs to embrace new technology and can save up to Rs 20,000 crore by using AI for cargo handling at ports, said Member of Economic Advisory Council to PM Gourav Vallabh on Tuesday. Speaking at session 'AI-Powered Ports: Reimagining Efficiency and Operations' at the AI Impact Summit here, Vallabh said India is emerging as a global leader in the field of new technology. "There is an approximate saving by uses of AI of Rs 20,000 crore in our handling.. And every year we can save Rs 15,000 crore as far as the logistic cost is concerned," he said. The question is not whether AI will transform India's ports, Vallabh said adding "the question is whether we are going to lead it or not." He noted that India's logistics cost at 7.97 per cent of GDP is competitive, "but for Viksit Bharat 2047 aim, our ports should be intelligent and should have intelligent ecosystem." He said India needs accelerated policy initiatives to reduce the logistics cost. He pointed out that 95 per cent of
Adani Group's Mundra Port in Gujarat has recorded a sharp increase in automobile exports and liquid cargo volumes in January 2026, posting multiple operational records that highlighted the growing role of large, integrated ports in supporting India's trade and export flows. The port handled its highest-ever monthly automobile export volume, shipping 25,762 vehicles through its dedicated roll-on/roll-off (RoRo) terminal at Adani Mundra Container Terminal (CT2), officials said. The figure surpassed the previous monthly record set in May 2024, reflecting continued overseas demand for India-manufactured vehicles. Automakers, including Maruti Suzuki and Toyota, increasingly routed exports through Mundra during the month, with shipments destined for markets across Africa, Europe, East Asia, Australia, and the Middle East, according to port officials. Mundra also set a new single-vessel loading record in January, loading 5,701 vehicles onto a single ship, the highest number handled in one
The government will constitute the Bureau of Port Security, a statutory body for the security of vessels and port facilities, which will ensure timely analysis, collection and exchange of security-related information, with a special focus on cybersecurity, officials said on Friday. Union Home Minister Amit Shah convened a meeting for the constitution of a dedicated body for ports and vessel security on Friday, which was attended by the Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, and the Minister of Civil Aviation, Ram Mohan Naidu, an official statement said. Modelled on the Bureau of Civil Aviation Security (BCAS), the Bureau of Port Security (BoPS) will be headed by a director general and will function under the Ministry of Ports, Shipping and Waterways, it said. The BoPS will be responsible for regulatory and oversight functions relating to the security of ships and port facilities, the statement said. The BoPS shall be headed by an IPS officer (Pay Level-15). .