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Dredging Corporation India

BSE: 523618|NSE: DREDGECORP|ISIN: INE506A01018|SECTOR: Miscellaneous
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Company History - Dredging Corporation India
1976 
 
 - The company was originally incorporated as a private limited
 company
 on 29 March, and was subsequently converted into a public limited
 company on 10 March 1992.  The main object of the company is
 Dredging
 activity i.e. engaged in executing capital and maintenance dreadging
 for ports to open new parts and/or to expand the existing ports.
 
 - Due to the difficulties experienced in catering to specialised
 dredging requirements the Government of India decided to incorporate
 a
 fully owned Govt. company under the Companies Act, 1956.
 
 - Marine dredging ships are equipped with sophisticated equipment
 incorporating latest technology.  There are 3 nos. cutter section
 dredgers having a pumping capacity of 1000 cu.m./hr to 3640
 cu.m./hr.,
 8 nos. trailer suction dredgers having a hopper capacity of 3450
 cu.m.
 to 6500 cu.m. and 3 nos. inland dredgers having a pumping capacity
 of
 100 to 200 cu.m./hr.
 
 - Over the years, the corporation has developed expertise and
 capability to undertake capital and maintenance dredging land
 reclamation, desiltation of lakes and ponds, salvage and towage etc.
 
 - 280,00,00 No. of equity shares issued, subscribed and paid up
 (1,400
 shares of these fully paid up; 279,98,600 shares issued for
 consideration other than cash).
 
 1984
 
 - It has acquired 3 Portable Cutter Suction Dredgers with a total
 capacity of 16 lakh cu.m.  Unlike the bigger sea going dredgers,
 these
 portable dredgers can be dismantled into smaller sections,
 transported
 on the road and reassembled in whichever site it is required to
 work.
 
 
 2001
 
 -Dredging Corporation is in the hunt for strategic partner in a bid
 to get more
 exposure in foreign waters.
 
 2002
 
 -BSE informed its members that special margin of 25% has been
 imposed
 on dredging Corporation.
 
 2003
 
 -The crew/monthly paid workers at the behest of their union, Forward
 Seimens
 Union of India served notice to the management of the company that
 they
 would commence their work to rule the agitation on DCI Dredgers.
 
 -Dr Ramesh Gupta has ceased to be the directors of the Dredging
 Corporation
 of India on completion of his term of 3 years.
 
 -Dr.S Kathiroli, Project Director, National Institute of Ocean
 Technology has been
 appointed as part time non-official director on the board of Dredging
 Corporation
 of India Ltd.
 
 2004
 
 -Comes out with public issue of 5.60 million equity shares, receives
 the highest subscription for a public offer of the government's stake
 in a big-ticket company, cut-off price fixed at Rs 400 per share
 
 2007
 
 - Dredging Corporation Of India Limited has informed that Ministry
 vide its letter No.PO-28028/20/2006-DCI dtd.7/9/2007 informed the
 appointment of Capt. S.S.Tripathi as Chairman-cum-Managing Director
 of the company. Capt Tripathi assumed charge as Chairman-cum-Managing
 Director of the company on 12/9/2007 from Shri A.K.Dhar. Shri A.K.Dhar
 was holding the charge Chairman-cum-Managing Director DCI in addition
 to his duties as Director (Finance).
 
 2008
 
 - Dredging Corporation of India Ltd - Appointment of Directors.
 
 - Dredging Corporation of India stocks likely to benefit MF sc.
 
 - Dredging Corporation Board declares interim dividend.
 
 - Dredging Corporation Board to consider dividend.
 
 2009
 
 - DCI seeks rate revision for Sethusamudram project.
 
 - Dredging Corporation Board to consider Dividend.
 
 2010
 
 - Dredging Corporation of India Ltd (DCI) has informed BSE that DCI
 signed an agreement with IHC Dredgers BV, Netherlands for design,
 construction and delivery Of two Trailer Suction Hopper Dredgers of
 5500 Cu.M Hopper Capacity each at a total cost of about Rs. 900
 Crore. 
 
 - Dredging Corp - Board recommends Dividend.
 
 2011
 
 - Dredging Corporation of India Ltd has informed BSE that the Company
 signed a contract with IHC Dredgers BV, Netherlands for design,
 construction and delivery of one Trailer Suction Hopper Dredger of
 5500 Cu.M Hopper Capacity at a total cost of about Rs. 500 Crores.
 
 - Dredging Corporation of India Ltd has informed BSE that Ministry of
 Shipping, Government of India vide its letter dated October 17, 2011
 informed the appointment of Shri S. Balachandran and Shri Vinai Kumar
 Agarwal as Non-official Part-time Directors on the Board of the
 Company for a period of three years w.e.f. the date of joining the
 Board or until further orders whichever is earlier. Shri S.
 Balachandran and Shri Vinai Kumar Agarwal assumed charge as
 Non-official Part-time Directors w.e.f. November 11, 2011.
 
 - Ministry of Shipping vide its letters dated March 04, 2011 informed
 the relief of Capt S. S. Tripathi, Chairman and Managing Director from
 the services of the Corporation and assignment of additional charge of
 the duties for the post of Chairman and Managing Director to Shri P.
 V. Ramana Murthy, Director (Finance) with immediate effect.
 
 2012
 
 -  A meeting was held jointly by Dredging Corporation of India
 Limited and Little Angles School at Little Angels School, Sector-3,
 M.V.P.Colony, Visakhapatnam at which prizes were  given away to
 winners in painting competitions held in con nection with ''Vigilance
 Awareness Week 2012''.
 
 - Dredging Corporation of India Ltd.  celebrated World Environment
 Day.  To mark the 
 occasion and the theme ''Green Economy:  Does it include you ?'' A 
 Cycle Rally involving 
 employees, children and morning walkers was organized. The Cycle
 Rally was flagged off by 
 Capt. D.K. Mohanty, CMD at 06.00 AM from Kalimatha Temple, R.K. Beach
 to Park Hotel.  
 
 - Day of the Seafarer ...Massage from our CMD .. 25th June 2012.
 
 2013
 -Dredging Corporation of India Ltd has informed that the Board of
 Directors of the Company have recommended Dividend @ 20% on paid up
 equity share capital of Rs. 2800 lakhs amounting to Rs. 2 per equity
 share of Rs. 10 for approval of shareholders at the ensuing AGM.
 -Dredging Corporation of India Ltd has informed that Ministry of
 Shipping, Government of India vide its letter dated April 03,2013,
 informed the appointment of Shri B. Poiyaamozhi, Development Advisor,
 (Ports) as Part-time Official Director on the Board of the Company
 w.e.f. April 03, 2013.
 
 2014
 -Dredging Corporation of India Ltd has informed that the Board of
 Directors of the Company  has declared dividend @ 30% on the paid-up
 share capital of the Company i.e., Rs. 3.00 (Three Rupees only) per
 equity share of Rs. 10/- each.
 -Dredging Corporation of India Ltd has informed that appointment of
 Shri S.Charles as Director (Finance) of the Company.
 
 2015
 -39th Formation day Celebration held at Kalavani, Port Stadium,
 Visakhapatnam
 
 
 
 
Source : Dion Global Solutions Limited
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