New Delhi: Dredging Corporation of India Limited (DCI) has entered into a long-term Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) for the supply of fuel to its dredger fleet. The agreement, valued at approximately ₹2,157.07 crore, will remain in effect for five years, ensuring steady fuel availability for DCI’s nationwide operations.
The announcement marks an important step toward strengthening operational efficiency and long-term fuel security for India’s leading dredging services provider.
5-Year Fuel Supply Agreement to Ensure Operational Stability
Under the agreement, IOCL will supply fuel to DCI’s dredger fleet for a period of five years. The partnership is designed to support uninterrupted maritime operations across ports, harbours, and waterways in India.
Key benefits of the agreement include:
- Reliable and continuous fuel supply
- Improved operational efficiency
- Better cost stability for long-term planning
- Enhanced coordination between two major PSUs
Read also: Dredging Corporation of India Appoints Retired IPS Devendra Kumar Pathak as Independent Director
Strengthening India’s Maritime and Dredging Infrastructure
The MoU supports DCI’s core mission of maintaining efficient dredging services across India’s coastal and inland waterways. With a stable fuel supply arrangement, the company is expected to improve operational continuity and enhance service reliability.
The collaboration also highlights stronger synergy between India’s maritime infrastructure sector and the energy supply chain.
Strategic PSU Collaboration Between DCI and IOCL
This long-term agreement reflects a strategic partnership between two leading public sector undertakings. It is expected to support large-scale dredging activities that are essential for maintaining navigability in major ports and shipping channels.
The deal further reinforces India’s focus on strengthening infrastructure through inter-PSU cooperation.
About DCI (Dredging Corporation of India)
Dredging Corporation of India Limited (DCI) is a leading public sector enterprise engaged in providing dredging services to major and minor ports, Indian Navy, and other maritime organizations. The company plays a crucial role in maintaining navigable waterways and supporting India’s port-led development.
About IOCL (Indian Oil Corporation Limited)
Indian Oil Corporation Limited (IOCL) is India’s largest commercial oil company and a Maharatna PSU under the Ministry of Petroleum and Natural Gas. It is engaged in refining, pipeline transportation, and marketing of petroleum products, playing a key role in ensuring energy security across the country.
