20 Apr , 2026 By : Debdeep Gupta
Shares of Dredging Corporation of India gained 5 percent in the early trade on April 20 after the company signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOCL) for fuel supply.
At 09:23am, Dredging Corporation India was quoting at Rs 1,030.55, up Rs 53.90, or 5.52 percent, on the BSE.
The agreement, valued at ?2,157.07 crore, is for a period of five years and will ensure a steady and reliable fuel supply for the company’s dredging fleet operating across the country.
Earlier this month, the company also entered into an MoU with Colombo Dockyard PLC (CDPLC) to collaborate on vessel maintenance, repair, retrofitting, and new shipbuilding projects, aiming to deliver cost-effective and timely solutions.
In the previous trading session, the stock closed at ?976.65, up ?4.30 (0.44%). The stock has touched a 52-week high of ?1,245.90 (January 30, 2026) and a 52-week low of ?545.35 (May 9, 2025).
Currently, the stock is trading 21.61?low its 52-week high and 79.09?ove its 52-week low.
The company’s market capitalisation stands at ?2,734.62 crore, while the stock has delivered a strong 62% return over the past six months.
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