• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

New Delhi, July 21

Dredging Corporation of India (DCI) can now procure three new trailer suction hopper dredgers from the Netherlands-based IHC Holland Merwede BV for Rs 1,087 crore. Each dredger would have a capacity of 5,000 cubic metres. The Cabinet Committee on Economic Affairs has approved this proposal. For this, DCI will also be allowed to avail itself of external financing up to the extent of about Rs 730 crore. It would have to pay balance amount from its internal resources. The loa n would be sourced either from the domestic market or international market. In case DCI resorts to ECB funding, it would seek the necessary approvals. At present, DCI has an installed dredging capacity of 79.85 million cubic metres. —

Our Bureau

More Stories on : Shipping

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Lockheed Martin eyeing India for R&D, products

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line