New Delhi: ln a significant move reflecting resilience amid ongoing disruptions in the energy sector, 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 crores rupees, is set for a period of five years and will ensure a steady and reliable fuel supply for DCl’s operations across the country. This strategic partnership strengthens DCl’s operational preparedness while ensuring continuity in critical maritime infrastructure services.
The MoU signing ceremony, held on April 16, 2026, was attended by senior dignitaries from both organizations. From IOCL, K. John Prasad, Country Head (Institutional Business), HO; Piyush Mittal, Executive Director & State Head (TAPSO); Manoj D. Kudale, Chief General Manager (Institutional Business), TAPSO; and Nishant Gulati, DIBH, Vizag DO, along with other officials, were present.
Representing DCI, Capt. S. Divakar, Managing Director & CEO; Capt. K.M. Choudhary, CHOO & GM (Business Development); and B. Durga Prasad Babu, HOD (Materials), along with other officials, graced the occasion.
In the presence of the leadership from both organizations, the MoU was formally signed and exchanged. Shri B. Durga Prasad Babu, HOD (Materials), signed on behalf of DCI, while Shri Nishant Gulati, DIBH, Vizag DO, signed on behalf of IOCL.
This MoU reinforces the long-standing association between DCI and IOCL and reflects a shared commitment towards operational excellence, reliability, and supporting India’s maritime infrastructure development. By securing long-term fuel supply arrangements during a period of energy uncertainty, DCI has further strengthened its capability to deliver uninterrupted dredging services for major ports and national projects.
The collaboration also highlights the crucial role played by public sector enterprises in ensuring stability and efficiency in key sectors of the economy, particularly during challenging global conditions.
