The agreement, valued at `2,157.07 crore, is set for a period of five years
Visakhapatnam: Dredging Corporation of India Limited (DCI) marked a major milestone by signing a memorandum of understanding (MoU) with Indian Oil Corporation Limited (IOCL) for the supply of fuel to its dredging fleet. The agreement, valued at `2,157.07 crore, is set for a period of five years and will ensure a steady and reliable fuel supply for DCI’s operations across the country. This strategic partnership strengthens DCI’s operational preparedness while ensuring continuity in critical maritime infrastructure services, said a release here on Friday. The MoU signing ceremony, held on April 16, was attended by senior dignitaries from both organisations. From IOCL, K John Prasad, country head (institutional business); Piyush Mittal, executive director; and others attended, while DCI was represented by its managing director and chief executive officer, Captain (retired) S. Divakar, and Captain K.M. Choudhary, general manager (business development).
