Dredging Corp signs over Rs 2,000-cr fuel supply agreement with Indian Oil

New Delhi: Dredging Corporation of India (DCI) on Friday said it has signed a fuel supply agreement with Indian Oil Corporation for a period of five years. The agreement values at Rs 2,157.07 crore and will ensure a steady and reliable fuel supply for the company's operations across the country," Dredging Corporation of India said in a statement.

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Dredging Corporation of India has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) for the supply of fuel to its dredging fleet for a period of five years.

Visakhapatnam-based Dredging Corporation of India Ltd (DCIL) has five decades of experience in dredging operations, maritime infrastructure and inland waterways.

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The company is looking to more than double its topline to Rs 3,000 crore in the next five years.

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