DCI signs MoU with Shipping Ministry

Q.  DCI has signed an MoU with Shipping Ministry. What does DCI stand for?
- Published on 04 Aug 16

a. Dredging Council of India
b. Dredging Corporation of India
c. Dredging Company of India
d. None of the above

ANSWER: Dredging Corporation of India
Dredging Corporation of India has signed a Memo of Understanding with Ministry of Shipping for FY2016-2017.
  • MoU comprises performance evaluation parameters and targets for Dredging Corporation of India Ltd for the ensuing year.
  • As per the targets set in the MoU for 2016-17 that was signed today, DCI is to achieve a turnover of Rs.770 crores.
  • The target for operating profit is Rs.65 crores for 2016-17 as against the actual of Rs.45 crores for 2015-16.

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