Mumbai, Nov. 3 -- The deals aim to expand dredging capacity, modernise the fleet, and strengthen its global presence.

The company tied up with major ports for dredging projects and Cochin Shipyard for dredger construction and repair. It also partnered with NMDC Abu Dhabi for a global JV, BEML for indigenous parts, and IHC for modernising dredgers.

An MoU with IIT Chennai's National Technology Centre for Ports, Waterways & Coasts (NTCPWC) will cover bathymetry surveys and training programmes. IOCL will ensure fuel and lubricant supply to Dredging Corporation of India Ltd (DCIL) vessels.

Chairman Dr. M. Angamuthu said the MoUs align with the Maritime Amrit Kaal Vision. The government plans to invest Rs 4,000 crore to build 11 new dredger...