Saturday, February 29th, 2020

DCI had been taking steps to adequately equip itself and enhance its capacity to meet the challenges ahead :G.K.Vasan

INVC,, Delhi,, Dredging Corporation of India Limited (DCI), a Government of India Undertaking under the administrative control of the Ministry of Shipping has signed a contract with IHC Dredgers B.V., the Netherlands for design, construction and supply of a Trailer Suction Hopper Dredger, which is the third and final dredger in a series of acquisitions, having a capacity of 5500 Cu.M at a total cost of about `500Cr. The vessel is scheduled for delivery in September 14, 2011. The contract was signed by the Chairman & Managing Director, DCI and the Director, Marketing & Sales, IHC Dredgers here today in the presence of Union Minister of Shipping, Shri G.K.Vasan and Shri J.J.Roodenburg, Deputy Head of Mission, Royal Netherlands Embassy. Earlier in April 2010, DCI signed a contract with IHC Dredgers B.V. for construction of two TSHDs of 5500 Cu.M capacity each at a total cost of about `1000Cr. The vessels are scheduled to be delivered in November 2012 and May 2013 respectively. The dredgers are being funded by DCI from internal sources and external commercial borrowings. The above three are medium size dredgers suited for riverine and shallow dredging. Appreciating the DCI’s role the Minster of Shipping, Shri G.K.Vasan said that the DCI had been taking steps to adequately equip itself and enhance its capacity to meet the challenges ahead. In April 2010, the Ministry of Shipping obtained the approval of the Union Cabinet for procurement of three new dredgers at a total cost of `1570 crores to replace three ageing dredgers. These dredgers will be delivered from November 2012 to September 2014. The Corporation has also recently taken delivery of a Cutter Suction Dredger at a cost of `275 crores. Another Back-hoe dredger at a cost of `127 crores is being towed to India for trial. With these acquisitions, the DCI is poised to own and operate the most efficient and modern dredging fleet in India and strengthen its position as the premier dredging company in the country. The Minister further stated that DCI had also been able to successfully bid and secure the contract for dredging in Ennore Port for `170 crores. As a result of modernizing their fleet, DCI should be in a position to compete and bag more such projects in the future. Regarding the Ministry of Shipping’s role, Shri Vasan said that it was taking various policy initiatives to rapidly modernize and develop the ports and maritime sector so that it can sustain the current growth momentum and cater to future demands. Secretary, Ministry of Shipping, Shri K. Mohandas also spoke on the occasion.

Comments

CAPTCHA code

Users Comment

freeport yacht charters, says on March 7, 2011, 12:27 AM

This website has lots of extremely helpful info on it! Cheers for sharing it with me!