The Board of Dredging Corporation of India at its meeting held on 31 December 2020 has accorded approval for appointment of Vineet Kumar as Additional Director (Non-executive Director) on the Board of the Company effective from the date of his taking charge as Director/date of consent as per DIR 2 / having active Director Identification numberwhichever is later for a period upto the date of the next Annual General Meeting (“AGM”) wherein the formal approval of the General body would be sought for his regular appointment.” He will continue as director of the company till his continuation as Chairman of Paradip Port Trust.

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Dredging Corporation of India announced that the 44th Annual General Meeting (AGM) of the company will be held on 22 December 2020.

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Net Loss of Dredging Corporation of India reported to Rs 47.45 crore in the quarter ended September 2020 as against net loss of Rs 22.28 crore during the previous quarter ended September 2019. Sales rose 1.93% to Rs 125.39 crore in the quarter ended September 2020 as against Rs 123.01 crore during the previous quarter ended September 2019.

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Dredging Corporation of India will hold a meeting of the Board of Directors of the Company on 9 November 2020.

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