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Dredging Corp signs ₹2,157 crore fuel deal with IOC to secure operationsDredging Corporation of India signs five year fuel supply deal with Indian Oil to secure dredging fleet operations and support key port infrastructure projects. Shares of Dredging Corporation of India Ltd ended higher on Friday, April 17, by 0.35%, at ₹975.35 on the NSE.By Megha Rani  April 17, 2026, 8:36:55 PM IST (Published)2 Min ReadDredging Corporation of India Ltd (DCI) has signed a ₹2,157.07 crore fuel supply agreement with Indian Oil Corporation Ltd (IOCL) to secure long-term fuel requirements for its dredging fleet.

The five-year Memorandum of Understanding (MoU), is aimed at ensuring a steady and reliable supply of fuel for DCI’s operations across the country, supporting key maritime and port infrastructure projects, according to the exchange filing.

The agreement reinforces the long-standing association between the two public sector firms and is expected to enhance DCI’s operational readiness, stated the filing. By securing a stable fuel supply, the pact will support uninterrupted dredging operations across major ports and infrastructure projects, even as energy markets remain uncertain.

Q3 results

Dredging Corporation of India reported a weak third-quarter performance on Thursday, January 5, slipping into a net loss of ₹24.6 crore compared with a profit of ₹16 crore in the same period last year.

Revenue fell 15% year-on-year to ₹276 crore, indicating softer execution during the quarter.

Operating performance also weakened, with EBITDA dropping 37% to ₹33 crore from ₹52.2 crore a year earlier. Margins contracted to 11.9% from 16.1%, pointing to continued cost pressures and lower utilisation.

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Shares of Dredging Corporation of India Ltd ended higher on Friday, April 17, by 0.35%, at ₹975.35 on the NSE.

Also Read: Jio Financial Services declares ₹0.60 dividend alongside Q4 resultsContinue ReadingTagsDredging Corporationfuel supplyIndian Oil CorpIOCL