I-Day celebrated at Dredging Corporation

 I-Day celebrated at Dredging Corporation

Visakhapatnam, August 15: Independence Day was celebrated at Dredging Corporation of India Ltd (DCIL) corporate office here on Thursday with great enthusiasm. Capt.D.K.Mohanthy, Chairman and Managing Director, Dredging Corporation of India Ltd  unfurled the National Flag and conveyed the Independence Day greetings to all the officers, employees and their families.

On the auspicious occasion, CMD expressed gratitude to all the freedom fighters who have helped the Country to achieve freedom. CMD stated that with the recent induction of the two new dredgers, the performance of the Company is on the upswing. But he cautioned that  DCI is yet to come out completely out of the  tough phase  and requested all the officers and staff to work together as a team. He stated that only with co-operation of the all the employees at all levels the Company will be able to successfully sail through.  He stated that the third dredger was recently launched in Netherlands is expected to join by end of the financial year. He stated that the first quarter results ending 30^th June 2013 are encouraging with the profit after tax increasing to Rs10 Cr. He further stated that share price of corporation rose to 52 week high recently; it is a very positive development and indicating growth and the investor confidence on the Company.

Patriotic songs rendered by the employees of DCI and Cash prizes were distributed to the employees who were successful in Hindi exams.  Shri P.V.Ramanamurthy, Director (Finance),  Cmde. P.Jayapal, Director (Ops.&Tech.) and other Head of Departments, employees and their families  were present on this occasion.