Dredging Corporation of India Net Profit at Rs 11 cr in June quarter
Dredging Corporation of India has reported a
manifold jump in net profit to Rs 11.45 crore for the quarter ended June 30,
It clocked a net
profit of Rs 0.81 crore in the corresponding quarter a year ago, the public
sector enterprise said in a regulatory filing to the BSE.
Its total income
during the quarter under review stood at Rs 168.22 crore as against Rs 199.65
crore in the year-ago period. Total expenses declined to Rs 156.44 crore as
against Rs 198.17 crore in the year-ago quarter.
The company is
involved in maintenance dredging, capital dredging, beach nourishment, land
reclamation, shallow water dredging, project management consultancy and marine
Dredging Corpn directed to explore
the possibilities of recycling of dredging material
In June, Shipping
Minister Mansukh Lal Mandaviya had directed Dredging Corporation to explore the
possibilities of recycling of dredging material on coastline as well as on
riverine ports of India.