Dredging Corporation of India Signs ₹2,157 Crore Fuel Supply Agreement with IOCL – Indian PSU
Dredging Corporation of India has signed a Memorandum of Understanding (MoU) worth ₹2,157 crore with Indian Oil Corporation Limited for a five-year fuel supply, strengthening operational continuity amid ongoing energy sector disruptions.
The agreement is a significant long-term arrangement aimed at ensuring uninterrupted fuel availability for DCI’s operations. It reinforces the company’s stability during a period of volatility in the energy sector.
Under this MoU, IOCL will supply fuel to DCI’s dredging fleet across the country. Valued at ₹2,157.07 crore, the agreement will remain in force for five years, ensuring a consistent and reliable fuel supply for nationwide operations.
This partnership is expected to enhance operational readiness and ensure the smooth functioning of critical maritime infrastructure services across India.
The agreement was formally executed in New Delhi in the presence of senior representatives from both organizations.
This agreement further strengthens the long-standing partnership between the two public sector enterprises, reflecting a shared focus on reliability and operational efficiency. By securing long-term fuel supply, DCI is better positioned to deliver uninterrupted dredging services for major ports and key national infrastructure projects.
The collaboration also highlights the critical role of public sector undertakings in maintaining stability and efficiency in essential sectors, particularly during periods of global uncertainty.
