Dredging Company of India Restricted (DCIL) registered a income of ₹150.80 crore from operations for the primary quarter (Q1) ending on June 30.
When in comparison with the income (₹204.41 crore) corresponding interval final yr, this time it was lowered by ₹53.60 crore (26%).
Main cause for operational income drop was on account of dry-dock repairs, emergency dry dock repairs of dredgers (almost 5 to 6 quantity). Besides one dredger, all works had been accomplished.
“The dredging actions resumed in full swing throughout July and August 2024. So, we predict that quarter-2 shall be carried out, consistent with income steerage. The Firm is dedicated to keep up upward development and proceed to indicate enchancment within the efficiency which continues to goal at a file highest ever turnover of ₹1,800 crore for the upcoming Quarters within the monetary yr 2024-25,” mentioned an official spokesperson of the DCIL on August 10, 2024.
