Dredging Corporation of India Limited has informed the Exchange regarding a press release dated March 27, 2026, titled "Press release - DCIL Marks 50 Years with Ambitious Expansion Roadmap, Modernisation Push, and ₹3,000 Crore Growth Target.- Reg.".
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Dredging Corporation of India Limited (DCIL) marked its 50th anniversary and outlined an ambitious growth roadmap targeting ₹3,000 crore in turnover over the next 5-10 years, up from its highest-ever revenue of ₹1,146 crore. The company, which handles nearly 80% of India's maintenance dredging, plans to induct 11 new dredgers and raise ₹1,000 crore via a rights issue to fund modernisation. It is also diversifying into submarine cable trenching, offshore wind energy, and inland waterways, while leveraging opportunities from the Sagarmala Programme (384 projects worth ₹1.4 lakh crore) and major port developments like Vadhvan Port. Current order book stands at approximately ₹1,400 crore with international projects in Saudi Arabia, Bahrain, Taiwan, Sri Lanka, and Bangladesh.
This is a positive strategic announcement signalling long-term growth ambitions and capital raising plans, though the ₹3,000 crore target is spread over 5-10 years. Shareholders should note the proposed ₹1,000 crore rights issue, which could dilute existing holdings, alongside the company's strong order book and expansion plans aligned with national maritime initiatives.