65th Republic Day Celebrations at Dredging Corporation

65^th Republic Day Celebrations at Dredging Corporation

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Visakhapatnam, January 26: Capt.D.K.Mohanthy,Chairman and Managing Director, Dredging Corporation of India Ltd  unfurled the National Flag at the Corporate office, Dredge House, Port Area, Visakhapatnam. CMD delivered Republic Day message and conveyed the Republic Day greetings to all the employees and their families.

On the auspicious  occasion, CMD stated that our country is the largest democratic republic in the world. He expressed gratitude to all the freedom fighters who have helped the Country achieve freedom and emphasized the need for all strive with hard work dedications to fulfill their dream.

CMD stated that of the three Trailer Suction Hopper Dredger of 5500 Cu.M capacity for which orders have been placed, two dredgers have already joined fleet in December 2012  and July 2013. The third dredger has been delivered by IHC at Netherlands on 23^rd January 2014 and will join fleet in about a months time.  He congratulated all the concerned for successful completion of the project. He stated that DCI proposes to acquire another TSHD of 9000 cu.mtr capacity with part financing by Ports after obtaining necessary approvals.  An MOU    in this regard will be signed shortly with Paradip Port.  He stated that the financial results and operations are encouraging, but cautioned that it is not the time be complacent and stated that it is very much necessary to  improve monitoring of projects and maintain strict financial discipline  considering the  to loan repayment obligations. He stated that DCI would continue with its expansion program for purchasing new dredgers so as to compete effectively. 

He thanked the employees for their continued support  and called upon one and all to put in more efforts to see that the Company improves its performance and gives encouraging returns to all the stakeholders in the years to come. 

Cmde. Jayapal, Director (Ops.&Tech.), Shri S.Vasudevarao, Chief Vigilance Officer other Head of Departments, employees and their families  were present on this occasion.