DCIL eyes ₹3,000 crore turnover in the next five to 10 years, says MD

Dredging Corporation of India Limited (DCIL), headquartered in Visakhapatnam, has recorded steady growth since its inception in 1976. From an initial turnover of about ₹150 crore to ₹200 crore, the company’s revenue has risen to ₹1,146 crore, with its current order book estimated at nearly ₹1,400 crore.

Addressing a media conference on Friday to mark the golden jubilee, DCIL Managing Director and Chief Executive Officer Capt S. Divakar said DCIL eyes ₹3,000 crore turnover in the next five to 10 years. He said DCIL plays a key role in maintaining navigational depths for the Indian Navy, fishing harbours and major ports along India’s 7,500 km coastline.