G Y V Victor takes over as DCI’s MD and CEO March 2, 2021, by Eldin Ganic
Prof. Dr. G Y V Victor has assumed charge as the Managing Director and Chief Executive Officer of Dredging Corporation of India Ltd.
This is the first top management appointment at India’s biggest dredging contractor after the company was acquired by four Centre-owned major port trusts in a strategic divestment deal.
Visakhapatnam Port Trust, Paradip Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust acquired the Central government’s 73.47 per cent stake in DCI in March 2019.
Victor joined as a dredging cadet in DCI in 1991 and also worked in top international and national dredging companies over the last three decades prior to his selection as MD and CEO.
Here are the top stocks that are likely to be in focus today:
Affle India: The company at its board meeting approved the fundraising of upto Rs 1,080 crore.
IOC: Indian Oil Corporation (IOC) will invest Rs 32,946 crore to expand Panipat refinery capacity to 25 million tonne per year from 15 million tonne per year earlier.
Auto stocks: Auto sales figures would start trickling in from March 1 onwards. Car and tractor makers are likely to report a strong set of auto sales numbers for the month of February, but growth in two-wheeler sales may not be as strong, according to analysts. Stock-specific action is expected in the auto companies on the back of these numbers.
New DCI Managing Director takes charge
Updated:
Updated:
Share Article
G.Y.V. Victor
G.Y.V. Victor assumed charge as Managing Director and CEO of Dredging Corporation of India Limited, here on Monday.
This was the first top management senior appointment in DCI, since it was taken over by consortium of four ports Visakhapatnam Port Trust, Paradip Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust in a strategic divestment deal.
Mr. Victor was the first DCI cadet from all India Dredging Cadre. He had joined DCI as a dredge cadet in 1991 and worked with many international and national companies and gained rich experience in the field of dredging prior to joining DCI as the MD and the CEO.
Andhra Pradesh: Visakhapatnam Port Trust Signs Pacts Worth Rs 30,000 Crore For Expansion Plans
A ship anchored at Visakhapatnam Seaport (Abhijit Bhatlekar/Mint via Getty Images)Â
Ahead of the Maritime India Summit 2021 which is scheduled to begin from 2nd March, the Visakhapatnam Port Trust (VPT) on Friday (26 February) has signed memorandum of understanding (MoUs) worth about Rs 30,000 crore with various industries and government agencies, reports
The New Indian Express.
The pacts were inked for capacity expansion, beach nourishment, development of fishing harbour, LPG plant and various other projects.
Hindustan Petroleum Corporation Limited (HPCL), ArcelorMittal Nippon Steel India (AM/NS India), Dredging Corporation of India, JD Fisheries and Integral Logistics Services are some of the entities that have entered into an agreement with VPT.
Dredging Corporation of India Ltd appoints MD & CEO
Posted On: 2021-02-26 02:46:51 (Time Zone: Arizona, USA)
As per the recommendations of the Nomination and Remuneration Committee, Prof Dr. George Yesu Vedha Victor has been appointed as additional director and designated as Managing Director (Whole-time/Executive director) & CEO on the Board of Dredging Corporation of India Ltd effective from 01/03/2021 for a period upto the date of the next Annual General Meeting ( AGM ) wherein the formal approval of the General body would be sought for his regular appointment for a period of five years effective from 01/03/2021.
Prof. Dr.George Yesu Vedha Victor holds Doctorate Degree, is a Chartered Engineer [UK], Chartered Physicist [UK], Certified Dredge Master and Mariner, Qualified in Finance Management, Port Development and Management, Containerization and Logistics Management, Fellow in Arbitration, Licensed International Arbitrator, Mediator, Emergency Arbitrator and a qualified