Dredging Corporation Secures Fuel Future

Dredging Corporation of India has entered a fuel supply agreement worth Rs 2,157.07 crore with Indian Oil Corporation for five years, ensuring a steady supply for its operations. The company plans to more than double its topline to Rs 3,000 crore within five years.

The Dredging Corporation of India cemented its operational future by signing a substantial fuel supply agreement with Indian Oil Corporation, valued at Rs 2,157.07 crore.

This five-year deal assures a consistent and reliable fuel supply crucial for the company's nationwide operations, according to a statement released by the corporation.

With five decades of expertise, the Visakhapatnam-based company aims to more than double its revenue to Rs 3,000 crore in the next five years as it strengthens its foothold in maritime infrastructure and inland waterways.