Dredging Corporation of India Ltd

The appointment became effective from 9 June 2026 and will continue until the next annual general meeting (AGM). The company will seek shareholders' approval for his regular appointment as a non-executive director either at the AGM or through a postal ballot within three months from the date of appointment, whichever is earlier. The board also took note of the cessation of Dr M. Angamuthu as director and chairman of the company with effect from 20 May 2026. The company clarified that Bindra is not related to any director of the company. Jasmeet Singh Bindra is a 1996-batch officer of the Indian Railway Traffic Service (IRTS). He holds a B.Tech in Electronics, an MBA, and a Master's in Public Policy (MPA). During his nearly three-decade-long career, he has held several key positions across Indian Railways and the Government of India, including Senior Divisional Commercial Manager, Director (Safety), Director in the Ministry of Coal, Chief Passenger Transportation Manager; Divisional Railway Manager (Ranchi), Executive Director (Gati Shakti/Traffic) at the Railway Board, Principal Chief Commercial Manager, and Principal Chief Operations Manager (Coordination), South East Central Railway. Dredging Corporation of India is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India. For the quarter ended March 2026, the company reported a 306.1% jump in net profit to Rs 86.91 crore compared with Rs 21.40 crore in the corresponding quarter of the previous year. Revenue increased 3.4% year-on-year to Rs 478.23 crore. The counter slipped 1.03% to Rs 1128.45 on the BSE. Powered by Capital Market - Live

Net profit of Dredging Corporation of India rose 306.12% to Rs 86.91 crore in the quarter ended March 2026 as against Rs 21.40 crore during the previous quarter ended March 2025. Sales rose 3.42% to Rs 478.23 crore in the quarter ended March 2026 as against Rs 462.41 crore during the previous quarter ended March 2025. For the full year,net profit reported to Rs 4.75 crore in the year ended March 2026 as against net loss of Rs 27.46 crore during the previous year ended March 2025. Sales rose 5.80% to Rs 1208.33 crore in the year ended March 2026 as against Rs 1142.14 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales478.23462.41 3 1208.331142.14 6 OPM %29.8916.58 -20.5012.23 - PBDT120.9161.58 96 164.49107.45 53 PBT87.4523.77 268 6.57-44.14 LP NP86.9121.40 306 4.75-27.46 LP Powered by Capital Market - Live

Dredging Corporation of India will hold a meeting of the Board of Directors of the Company on 19 May 2026.

The agreement is for a period of five years and will ensure a steady and reliable fuel supply for the company's dredging fleet operating across the country. The MoU reinforces the long-standing association between DCI and IOCL and reflects a shared commitment towards operational excellence, reliability, and supporting India's maritime infrastructure development. The long-term arrangement is expected to strengthen DCI's capability to deliver uninterrupted dredging services for major ports and national projects. Dredging Corporation of India is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India. The company reported a standalone The company reported a net loss of Rs 24.63 crore in Q3 FY26, compared to a net profit of Rs 16.06 crore in Q3 FY25. Revenue from operations declined 14.9% year-on-year to Rs 276.08 crore in Q3 FY26. Indian Oil Corporation is a Maharatna PSU under the Government of India, with operations spanning the entire hydrocarbon value chain, including refining, pipeline transportation, and marketing of petroleum products, as well as exploration and production, natural gas, and petrochemicals. Indian Oil Corporation (IOCL) added 1.59% to Rs 175.50 after the company's standalone net profit surged 321.98% to Rs 12,125.86 crore in Q3 FY26 compared with Rs 2,873.53 crore in Q3 FY25. Revenue from operations (excluding excise duty) rose 5.43% YoY to Rs 204,424.39 crore in Q3 FY26 as against Rs 193,899.5 crore reported in Q3 FY25. Shares of Indian Oil Corporation rose 0.24% to Rs 146.20 on the BSE.

The agency has also affirmed the company's short-term rating at 'CARE A3+'. CARE Ratings stated that the reaffirmation of the ratings assigned to the bank facilities of Dredging Corporation of India (DCIL) continues to derive strength from its established presence of nearly five decades in domestic and overseas dredging services, strong parentage with shareholding held by major ports of the country, and a growing order book providing medium-term revenue visibility. The rating favourably factors in the support extended by the sponsors in form of funds extended via work advances and unsecured loans for dredger acquisition and settlement of liabilities. Promoter support is expected to continue in the near term to support liquidity and fund capital expenditure requirements. The ratings also factor in steady growth in revenue during FY25 and 9MFY26, wherein revenue witnessed year-on-year growth of 21% and 7%, respectively, driven by increased order inflow and execution. Working capital intensity improved, as reflected by reduced receivable days and trade payables. DCIL continues to maintain a comfortable leverage profile. CareEdge Ratings notes that DCIL has availed an additional term loan of Rs 150 crore from Sagarmala Finance Corporation for dry docking and other major maintenance expenses. Along with term loans availed from Sagarmala Finance Corporation Limited and new loan being availed for a new dredger, leverage and debt coverage indicators is expected to moderate in the near term. However, post-acquisition of the new dredger, DCIL will be able to undertake capital dredging work, which is expected to improve capacity utilisation and debt coverage indicators from FY27. The rating strengths are tempered by the ageing dredger fleet leading to high maintenance expenses, exposure to foreign exchange risk due to unhedged foreign currency debt, volatility in margins owing to fuel price fluctuations, and increased competition from domestic and global private players. Dredging Corporation of India (DCIL) provides integrated dredging services such as dredging and reclamation, marine services and construction, shallow water/inland dredging, and underwater mining to major and non major ports, Indian Navy, and other maritime organisations in India. The scrip had gained 0.89% to end at Rs 900.30 on the BSE today.

The agreement brings together DCIL's dredging fleet and operational expertise with Colombo Dockyard's ship repair and shipbuilding infrastructure to deliver cost-effective and timely solutions across vessel maintenance, repair, retrofitting, and shipbuilding. Under the agreement, both companies will provide comprehensive ship repair and dry-docking services for DCIL's fleet. The partnership also includes joint exploration of shipbuilding opportunities, particularly in specialized dredgers and offshore support vessels. Captain S. Divakar, managing director & CEO of DCIL, stated, 'This MoU reflects our commitment to operational excellence, fleet modernization, and expanding regional partnerships. By collaborating with Colombo Dockyard, we aim to enhance the lifecycle efficiency of our fleet while exploring new opportunities in shipbuilding and offshore support vessels.' Thimira S. Godakumbura, managing director & CEO, CDPLC, said, 'We are proud to partner with DCIL, a leader in dredging operations. This collaboration reinforces our position as a preferred maritime service provider in South Asia and opens new avenues for technological exchange and sustainable growth.' The MoU also provides for technical collaboration and knowledge sharing, aimed at enhancing capabilities and strengthening the regional maritime ecosystem. Dredging Corporation of India is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India. The company reported a standalone The company reported a net loss of Rs 24.63 crore in Q3 FY26, compared to a net profit of Rs 16.06 crore in Q3 FY25. Revenue from operations declined 14.9% year-on-year to Rs 276.08 crore in Q3 FY26.

He will hold office as an additional director till the next general meeting, which will be convened within three months, where shareholders' approval will be sought for his appointment as a non-independent executive director till he attains the age of 60 years or until further orders. Capt. Divakar, currently Chief General Manager and holding additional charge as MD & CEO, has nearly 38 years of experience in dredging operations and management. He began his career with the company in 1987 and has served in both onboard and onshore roles. He holds a Dredge Master Grade-I Certificate of Competency and is also a director at Sethusamudram Corporation. Dredging Corporation of India is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India. The company reported a standalone net loss of Rs 24.63 crore in Q3 FY26 as against a net profit of Rs 16.06 crore in Q3 FY25. Revenue from operations declined 14.9% year-on-year to Rs 276.08 crore in Q3 FY26. Shares of Dredging Corporation of India rose 0.90% to Rs 833.35 on the BSE.Powered by Capital Market - Live

Dredging Corporation of India announced that Lav Verma, IAS (Retd.), ceased to be an Independent Director of the Company with effect from 28 February 2026 upon completion of his tenure of three years. Powered by Capital Market - Live

Net loss of Dredging Corporation of India reported to Rs 24.63 crore in the quarter ended December 2025 as against net profit of Rs 16.06 crore during the previous quarter ended December 2024. Sales declined 14.91% to Rs 276.08 crore in the quarter ended December 2025 as against Rs 324.44 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales276.08324.44 -15 OPM %11.9116.12 - PBDT23.5657.37 -59 PBT-24.5918.37 PL NP-24.6316.06 PL Powered by Capital Market - Live

Dredging Corporation of India will hold a meeting of the Board of Directors of the Company on 5 February 2026.Powered by Capital Market - Live