Dredging Corporation Shares Gain Focus Following Multi-Billion Rupee Fuel Supply Agreement with Indian Oil Corporation

Dredging Corporation of India's Shares Set to Remain in Focus Following MoU with Indian Oil Corporation

On April 20, the shares of Dredging Corporation of India are expected to remain in the spotlight after the company signed a Memorandum of Understanding (MoU) with Indian Oil Corporation (IOCL) for fuel supply. The agreement, valued at ₹2,157.07 crore, will ensure a steady and reliable fuel supply for the company's dredging fleet operating across the country for a period of five years.

This recent development comes on the heels of another significant MoU signed by Dredging Corporation of India earlier this month with Colombo Dockyard PLC (CDPLC). The MoU aims to collaborate on vessel maintenance, repair, retrofitting, and new shipbuilding projects, with the goal of delivering cost-effective and timely solutions.

In terms of stock performance, Dredging Corporation of India's shares closed at ₹976.65 in the previous trading session, marking a gain of ₹4.30 (0.44%) from the previous close. The stock has reached a 52-week high of ₹1,245.90 on January 30, 2026, and a 52-week low of ₹545.35 on May 9, 2025.

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Comparison of Key Stock Metrics

Currently, the stock is trading 21.61% below its 52-week high and 79.09% above its 52-week low. The company's market capitalisation stands at ₹2,734.62 crore, while the stock has delivered a strong 62% return over the past six months.