Dredging Corporation of India Limited has informed the Exchange about - Appointment of Shri Jasmeet Singh Bindra, IRTS as Chairman of Visakhapatnam Port Authority
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Dredging Corporation of India Limited (DCI) has informed the stock exchanges about the appointment of Shri Jasmeet Singh Bindra, IRTS (1997 batch), as Chairperson of Visakhapatnam Port Authority (VPA). The appointment was made by the Ministry of Ports, Shipping and Waterways under Section 3(1)(a) of the Major Port Authorities Act, 2021. He has been appointed at JS level with pay at level-14 (Rs. 1,44,200 - 2,18,200) for a period of five years. He took over charge effective 20 May 2026. DCI is reporting this likely due to its operational proximity to VPA as a dredging services provider.
This is an appointment at the Visakhapatnam Port Authority level, not within DCI's board or management, so it has no direct impact on DCI's corporate leadership or shareholder value.