Dredging Corp plans ₹3,560 crore capex for new dredgers
after close1 source ↓written by the desknot a recommendation
- to acquire
- ₹3,560 crore
- over the next
- 11 new dredgers
- to support
- ₹1,000 crore rights issue
- are trading
- ₹940.30
- today
- 4.52%
Dredging Corporation of India plans to invest ₹3,560 crore to acquire 11 new dredgers over the next five years, enhancing its capacity in the domestic dredging market. The company is also considering a ₹1,000 crore rights issue to support this expansion. Currently, shares are trading at ₹940.30, down 4.52% today.
Not investment advice. For informational purposes only.