Newsletter
Dredging Corporation of India shares gained 5% on signing ₹2,157 crore fuel supply agreement with Indian Oil Corporation.
The importance: the company removes sand and mud from the sea floor so ships can move smoothly, keeping major port routes clear, and handling 80% of the dredging market in India.
The deal locks in steady fuel supply, ensuring uninterrupted dredging across key projects. With this, Dredging Corp is targeting over ₹3,000 crore in revenue within five years.
The macro scene: the Union Budget 2026-27 boosted maritime allocation by 48% to ₹5,164.8 crore, signalling a strong push for ports and inland waterways.
With 95% of India’s trade by volume moving via sea, this spend aims to cut logistics costs and improve competitiveness, creating a strong demand tailwind for DCI, especially amid global disruptions.
