The company further stated that it has fixed an ambitious target of Rs1,000 crore for FY22-23.
Company stated in its filing, “During the visit of the Hon’ble Union Minister of Ports Shipping & Waterways Shri Sarbananda Sonowal to Visakhapatnam, the MD & CEO of DCIL Prof Dr. G.Y.V Victor has greeted the Hon’ble Union Minister & briefed that for the FY21-22 the company has achieved a turnover of Rs802 crore, which is the highest turnover achieved during the last 12 years.”
Dredging Corporation is currently trading at Rs311 up by Rs2.75 or 0.89% from its previous closing of Rs308.25 on the BSE. The scrip touched intraday high and low of Rs318 and Rs308.85 respectively.
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( With inputs from indiainfoline)