Latest news with #DurgeshKumarDubey
Time of India
20-05-2025
- Business
- Time of India
Dredging Corporation turns profitable with Q4 net at Rs 21 crore
Dredging Corporation of India (DCI) on Tuesday reported a net profit of Rs 21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of Rs 25.97 crore in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing. DCI increased its total income to Rs 464.38 crore in the fourth quarter from Rs 278.80 crore in the same quarter a year ago, registering a rise of 67 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Speaking to PTI, company's MD and CEO Durgesh Kumar Dubey said, "We have ended the fourth quarter delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." The company is also looking for business opportunities in the Middle East, South East Asia and South Asian markets along with domestic market where players like AMNS India, JSW Group and Adani Group are looking to expand their port operations, said Dubey, who is also the Deputy Chairman of Visakhapatnam Port Authority (VPA). On the outlook for the sector, Dubey said the port sector is on a growth trajectory driven by government-led initiatives like Sagarmala Programme . Live Events Based in Visakhapatnam in Andhra Pradesh, DCI is a premier dredging company under the administrative control of four major ports of India -- Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority and Deendayal Port Authority (Kandla).
Economic Times
20-05-2025
- Business
- Economic Times
Dredging Corporation turns profitable with Q4 net at Rs 21 crore
Dredging Corporation of India (DCI) on Tuesday reported a net profit of Rs 21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of Rs 25.97 crore in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing. ADVERTISEMENT DCI increased its total income to Rs 464.38 crore in the fourth quarter from Rs 278.80 crore in the same quarter a year ago, registering a rise of 67 per cent. Speaking to PTI, company's MD and CEO Durgesh Kumar Dubey said, "We have ended the fourth quarter delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." The company is also looking for business opportunities in the Middle East, South East Asia and South Asian markets along with domestic market where players like AMNS India, JSW Group and Adani Group are looking to expand their port operations, said Dubey, who is also the Deputy Chairman of Visakhapatnam Port Authority (VPA). On the outlook for the sector, Dubey said the port sector is on a growth trajectory driven by government-led initiatives like Sagarmala Programme. Based in Visakhapatnam in Andhra Pradesh, DCI is a premier dredging company under the administrative control of four major ports of India -- Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority and Deendayal Port Authority (Kandla). (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
17-05-2025
- Business
- Time of India
Dredging Corp plans to tap biz opportunities in foreign markets, says CEO Dubey
Dredging Corporation of India (DCI) is keen to tap business opportunities in the Middle East, South East Asia and South Asian markets, its MD and CEO Durgesh Kumar Dubey said. The company also looks to grab opportunities in the domestic market where players like AMNS India, JSW Group and Adani Group are looking to expand their port operations which would need maintenance, he said, addressing Dredging Conclave 2025 in the national capital. Dredgers are special vessels used for deepening and broadening sea coasts, river sides and canals by removing sand. "As a dredging company, I will not be limited only to India. There is an acute fleet shortage in whole of Middle East and South East Asia and South Asia. And now when many ports are coming up and particularly when industries are coming up, the demand (dredging) is very high," Dubey, an IRTS officer of the 2006 batch, said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo There are also immense opportunities in the domestic market as well. Various business houses are present in the port sector which is on a growth trajectory on a major push by the government-led initiatives like Sagarmala Programme . Recently PM Narendra Modi inaugurated Vizhinjam International Seaport in Kerala -- the deep-water port, developed by Adani Ports and Special Economic Zone Ltd (APSEZ). Live Events Steel maker AMNS India is coming with a 20 MT manufacturing plant in Andhra Pradesh with a captive port which will definitely require maintenance dredging . In the same way, JSW is coming up with its port in Orissa. Another port is coming near Mangalore, the official said. "So now these industries, they want their own port because they want to export and import. So there is a definitely huge demand for this," Dubey said. Another area where the company sees opportunities is dams and reservoirs, he added. Based in Visakhapatnam in Andhra Pradesh, Dredging Corporation of India Limited (DCI) is a premier dredging company of India under the administrative control of four major ports of India -- Visakhapatnam Port Authority, Jawaharlal Nehru Port Authority (Mumbai), Paradip Port Authority and Deendayal Port Authority (Kandla).
Time of India
17-05-2025
- Business
- Time of India
India's maritime sector to mirror post-1991 road revolution: DCIL CEO
DCIL CEO Durgesh Kumar Dubey Just as roads transformed post-1991, the next 20 years will belong to India's maritime sector, with dredging playing a critical role, said Durgesh Kumar Dubey , deputy chairman of Visakhapatnam Port Authority and managing director and CEO of Dredging Corporation of India Limited (DCIL). The Dredging India Conclave 2025, hosted by FICCI, convened leading voices from the maritime and infrastructure ecosystem to discuss the future of dredging and its role in realising India's maritime potential. Speaking at the event, Dubey traced India's infrastructure evolution from post-liberalisation reforms to today's ambitious maritime initiatives. Reflecting on his personal experiences in Indian Railways and national infrastructure growth, he explained how early initiatives like the Golden Quadrilateral and Pradhan Mantri Gram Sadak Yojana laid the groundwork for today's robust logistics and connectivity framework. 'This small program by FICCI is a step forward for a big leap in the maritime sector,' he said. Dubey also highlighted transformative initiatives such as the dedicated freight corridor and the recently announced Rs 25,000 crore maritime development Fund , along with the creation of Sagar Mala Development Corporation Ltd. (now an NBFC), as key enablers of growth in the sector. He cited Visakhapatnam Port as a case study of port-led industrialisation, where strategic port infrastructure catalysed industrial growth attracting major companies like HPCL, RINL, and AMNS. 'Ports like Visakhapatnam have enabled the creation of industrial hubs supported by seamless road, rail, and air connectivity; this is the power of port-led growth,' Dubey said. Highlighting the dual nature of the dredging sector—capital dredging at major ports and smaller maintenance dredging—he said that both are vital for national development. As the head of DCIL, Dubey reaffirmed the company's commitment to expanding its dredger fleet, including the upcoming TSHD Godavari (12,000 m³), and looking beyond India into high-demand regions like the Middle East and Southeast Asia. 'There is a massive demand for dredging capacity, not only from new ports like Vizhinjam in Kerala or Galathea Bay in Nicobar but also from industries building their own captive ports across India,' he added. Dubey drew attention to the untapped potential of inland dredging, especially for reservoirs and canals suffering from siltation, which reduces water holding and flood management capacities. With aging dams across the country, he urged fleet manufacturers and contractors to focus on developing smaller suction and cutter dredgers tailored for inland water bodies. 'This sector is growing fast. With the government's focus on inland silt management, there's recurring demand that can't be ignored. Waterways are the most cost-effective and eco-friendly means of transport and maintaining them is both a business opportunity and a national imperative,' he said. Dubey also mentioned upcoming government meetings with key ministries to align efforts on this front, indicating a coordinated push towards waterway and reservoir dredging. He also made an open call for partnerships and investments in India's dredging sector. He spoke about the need for capable contractors, innovative technologies, and aligned private-public collaboration to achieve national maritime goals. 'DCI is ready to lead, but we need partners—investors, contractors, manufacturers—because without last-mile connectivity and execution support, our collective efforts may fall short,' he concluded. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
United News of India
23-04-2025
- Business
- United News of India
AP: Nepal delegation visits Visakhapatnam Port Authority
Visakhapatnam, Apr 22 (UNI) A five-member Nepal delegation led by Dr. Govind Prasad Sharma, Secretary, Ministry of Agriculture & Livestock Department, Government of Nepal, along with the Managing Director of Krishi Samagri Company Ltd., Nepal, and the Assistant CEO of Salt Trading Corporation Ltd., Nepal, visited Visakhapatnam Port Authority (VPA) on Tuesday. The delegation was warmly welcomed by Durgesh Kumar Dubey,, Deputy Chairperson, VPA. The visiting team was given a detailed powerpoint presentation highlighting the port's infrastructure, operational capabilities, and key facilities, T. Venu Gopal, Secretary, VPA, said in a release here . The main objective of the visit was to explore the possibility of importing urea and other fertilizers such as DAP through global tenders, wherein Indian Potash Limited is a major supplier to these Nepal government entities. Discussions were held on the Indo-Nepal Treaty for the movement of fertilizers, including a proposal to allow bulk movement through Visakhapatnam Port—similar to the current operations at Kolkata Port—with a target of tapping at least two lakh tonnes of additional fertilizer cargo. The Nepal delegation observed that Visakhapatnam has significant untapped potential, and if enhanced trade facilities are provided, the entire volume of one and a half to two lakh tonnes of cargo would be handled at Visakhapatnam Port being efficient Port with better infrastructure. UNI KNR CS
