Dredging Corp plans Rs3,560 Crore capex to add 11 dredgers; Considers Rs1,000 Crore rights issue
India, Sept. 28 -- The firm is involved in offering integrated dredging services to ports, the Indian Navy, and other maritime organizations. These include maintenance and capital dredging services along with land reclamation services and others pertaining to marine infrastructure. It is highly active in the Indian domestic dredging market, specifically in the area of maintenance dredging of major ports.
The shares of Dredging Corporation of India are currently trading at Rs. 940.30, down by 4.52%. The company has a market capitalization of Rs. 2,632.84 crore. The stock's 52 week high is Rs. 1,286.00 and its 52 week low is Rs. 538.00. In the past 6 months the stock has delivered a return of 22.33%.
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