India, April 8 -- The Dredging Corporation of India experienced a sudden rally after making an important announcement concerning its strategy. The agreement between the Dredging Corporation of India and Colombo Dockyard can be viewed as a huge move towards the expansion of its operations beyond that of its traditional dredging services.

With a market cap of Rs 2,500 crore, the shares of Dredging Corporation of India Ltd jumped about 9% in today's trading session and reached a high of Rs 916.60. When compared to its previous day's closing price of Rs 839.45, they have given a return of more than 130% in the last 5 years.

Collaborative Agreement Boosts Marine Potential Dredging Corporation of India (DCI) recorded an impressive rise of 9% ...