DREDGING CORP TARGETS TO DOUBLE IT'S SALES REVENUE IN NEXT 5 YEARS

Visakhapatnam based

is the country's premier dredging company with around five decades of experience in dredging operations, maritime infrastructure and inland waterways. The company is looking to more than double it's sales revenue to Rs 3,000 crore in the next 5 years by exploring new markets and areas to achieve this goal. In FY25, the company reported a turnover of Rs 1,148 crore 25 which is about double of Rs 550 crore in FY15. Now the company has set a target to double this to Rs 3,000 crore by FY31. Further, the company is looking to participate in new maintenance dredging tenders, reclamation projects and preparing to enter markets with strategic partners.