New Delhi/Mumbai: In a major step towards enhancing India’s maritime and dredging capabilities, BEML Limited and Dredging Corporation of India Limited (DCIL) have signed three Memoranda of Understanding (MoUs) worth approximately Rs 350 crore during India Maritime Week 2025 in Mumbai.
The MoUs have been exchanged between Cmdr R.G.K. Rao (Retd.), Head of SBU – Aerospace & Maritime, BEML, and Capt S. Divakar, Managing Director & CEO, DCIL, in the presence of Shantanu Roy, Chairman & Managing Director, BEML Limited, and Dr. M Angamuthu, IAS, Chairman, DCIL.
The collaboration aims to boost self-reliance in dredging operations through the supply of indigenous spares for DCIL dredgers, design and construction of five inland cutter suction dredgers, and supply of cable dredgers, long-reach excavators, and customized dredging solutions to support reservoir de-siltation and inland waterway development projects across India.
Under the partnership, BEML will lead in supplying, maintaining, and providing lifecycle support for dredgers and related equipment, while DCIL will handle deployment and operational management across key maritime and inland projects.
Speaking on the occasion, Shantanu Roy, CMD, BEML Limited, said,
“This partnership marks a significant leap in strengthening India’s indigenous capabilities in the maritime and dredging sectors. Through these MoUs, BEML aims to bring its engineering excellence, manufacturing strength, and innovation-driven approach to create sustainable and efficient dredging solutions that align with the Government’s Maritime Amrit Kaal Vision 2047.”
The collaboration underscores the shared commitment of both organizations to advance the ‘Aatmanirbhar Bharat’ initiative, promote domestic manufacturing, and accelerate the modernization of India’s maritime infrastructure through indigenous technologies.
Last year, BEML and DCIL had also signed an MoU for indigenous manufacturing of dredger spare parts, laying the groundwork for this expanded strategic partnership.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)