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Dredging Corporation of India Limited (DCI) was established in the year 1976 to provide dredging services to the major ports of the country in India. DCI is a pioneer organization in the field of dredging and maritime development. DCI is fully equipped to offer the complete range of dredging and allied services to the users in India and abroad and to provide vital inputs for the national development. Its head office is strategically situated on the east coast of India at Visakhapatnam, DCI helps to ensure continuous availability of the desired depths in the shipping channels of the major and minor ports, Indian Navy, fishing harbors and other maritime organizations. It further serves the nation in a variety of ways, be it capital dredging for creation of new harbors, deepening of existing harbors or maintenance dredging for the upkeep of the required depths at various ports along the 7,500 Kms coastline of India.

In 1977, DCI was awarded a $10 million contract for the management of Yanbu Construction Port on the Red Sea, 350 km north-west of Jeddah, Kingdom of Saudi Arabia, for three years. DCI's services included pilotage, tugging, berthing, unberthing and mooring of ocean-going cargo ships, supervision of cargo-handling operations, maintenance and upkeep of port facilities and establishment of 0 & M services. In addition to this, DCI has efficiently performed stevedoring services at Yanbu Construction Support Port during 1981-83. During the period 2001-02 DCI executed shore pumping and reclamation works at Taichung Harber, Taichung Taiwan.

In September 2009, for the 18th consecutive year, Dredging Corporation of India has signed a memorandum of understanding with Government of India for the year 2009-10. The company expects the rating of 'Good' for the year 2008-2009.

Other facts about the company:

 * DCI owns most modern and sophisticated fleet consisting of two Cutter Suction Dredgers and Ten Trailer Suction Dredgers.
 * DCI is an MoU signing company with the government of India.
 * DCI is a schedule B & a Mini Ratna- Category-I public sector enterprise.
 * DCI is one among the public sector undertakings of India in which the government has disinvested its share holding. The shares of the company are listed at Delhi, Bombay, Calcutta & National Stock Exchanges of India.

DCI's provides services that include:

 * pilotage
 * tugging
 * berthing
 * unberthing and mooring of ocean-going cargo ships
 * supervision of cargo-handling operations
 * maintenance and upkeep of port facilities and
 * establishment of O & M services.

In addition to this, DCI has efficiently performed stevedoring services at Yanbu Construction Support Port during 1981-83. During the period 2001-02 DCI executed shore pumping and reclamation works at Taichung Harber, Taichung Taiwan.

Company	Market Price	MCAP(Cr)	P/B	P/E	EPS	ROE
DREDGECORP	282.05(1.7%)	777	0.5	28.0	-7.6	-11.6
SHREYAS	244.3(2.2%)	525	0.7	2.1	30.1	39.0
ESSARSHPNG	8.2(1.2%)	167	-0.1	0.1	0.0	0.0
RNAVAL	1.7(-2.9%)	125	-0.0	0.0	7.6	1.2
SEAMECLTD	577.95(-2.3%)	1,482	2.2	36.0	11.3	11.9
MERCATOR	0.8(-5.9%)	25	-0.0	317.6	-3.0	0.0
SCI	117.15(0.0%)	5,473	0.6	9.1	8.9	10.0
GESHIP	646.15(2.7%)	9,059	1.1	4.8	7.8	8.0

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