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Cochin Shipyard ‘ready’ to put equity in India’s first locally build dredger for DCI
With Dredging Corporation of India Ltd (DCI) facing fund crunch, the government is looking at multiple options for financing India’s first locally built high end and larger dredger with Dutch know how, including asking state-run Cochin Shipyard Ltd to extend equity support to the vessel it will construct for the Visakhapatnam-based dredging firm.
Mumbai-listed Cochin Shipyard and DCI signed a memorandum of understanding (MoU) recently for constructing either a 8,000 or a 12,000 cubic metre hopper capacity trailing suction hopper dredger (TSHD) estimated to cost as much as ₹800 crore. TSHDs are used to maintain the channel of ports.
APSEZ nabs Deendayal Port dredging contract March 15, 2021, by Eldin Ganic
Adani Ports and Special Economic Zone Ltd (APSEZ) has won a dredging contract valued at Rs 310 crore ($42.7 million) from Centre-run Deendayal Port Trust in Kandla, Gujarat.
According to The Hindu Business Line, India’s biggest private port operator and private dredging contractor had emerged the lowest bidder on a tender floated by Deendayal Port Trust for the three-year dredging deal.
Ports located on India’s western coast such as Deendayal are prone to silting and needs annual maintenance dredging to help in smooth movement of ships.
The tender was issued in July last year to finalize a new three-year dredging contract – mostly for maintaining the port’s channel at the prevailing water depth.
Adani Ports and Special Economic Zone Ltd (APSEZ) has won a dredging contract valued at Rs 310 crore from Centre-run Deendayal Port Trust in Kandla, Gujarat.India’s biggest private port operator and p