Exclusive: DCI to sign 18 MoUs worth Rs 14,000 cr, CMD Rajesh Tripathi tells Anil Singhvi; validates Zee Business BIG BREAKING report
In an exclusive interview, Zee Business Managing Editor Anil Singhvi spoke to Rajesh Tripathi Chairman and Manging Director (CMD) of Dredging Corporation of India Limited (DCI). As the CMD demits office tomorrow after serving it for a long time, Singhvi complimented him and wished good luck in his future endeavours
In an exclusive interview, Zee Business Managing Editor Anil Singhvi spoke to Rajesh Tripathi Chairman and Manging Director (CMD) of Dredging Corporation of India Limited (DCI). As the CMD demits office tomorrow after serving it for a long time, Singhvi complimented him and wished good luck in his future endeavours.
The Dredging Corporation of India is expected to sign MoUs (Memorandum of Understanding) worth Rs 14,000 cr next week during a maritime summit. This news was first broken by Zee Business.
See Zee Business Live TV Streaming Below:
Tripathi said that the DCI will be signing 18 MoUs worth Rs 14,000 cr. The company has already signed MoUs worth Rs 12,000 cr. The company will cross its targets, he added. The summit is scheduled between 2 and 4 March.
About the Existing MoUs
The CMD said that the MoUs are very wide ranging. The DCI has signed maintenance dredging MoU for four ports for the next five years. Barring Kandla port, the DCI will also be signing non-binding MoUs with other ports. The company has also signed several MoUs with its vendors like BEML.
Watch Zee Business Tweet Video Below:
Outlook for DCI
The CMD said that DCI was biggest national dredging operator in the Indian waters. Moreover India’s coastline spans over 7,500 kms. The company has dredgers to cater to the country’s security needs. He said that the company hopes to get bigger and grow from strength-to-strength.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.