Dredging Corporation of India Ltd. (Dredging Corporation of India Limited) has signed a fuel supply agreement worth over ₹2,000 crore with Indian Oil Corporation Ltd. (Indian Oil Corporation Limited), marking a significant long-term procurement arrangement to support its operational requirements.
Under the agreement, Indian Oil will supply marine and other fuel requirements essential for dredging operations carried out across major ports and waterways in India. The deal is expected to ensure uninterrupted fuel availability for the company’s fleet, which plays a critical role in maintaining navigable channels and supporting port infrastructure development.
Dredging Corporation of India said the arrangement will help improve cost predictability and operational efficiency, while strengthening its ability to execute ongoing and upcoming dredging projects.
Industry observers noted that long-term fuel agreements are increasingly being adopted by infrastructure and maritime service providers to hedge against price volatility and ensure supply security.
The agreement comes at a time when India is focusing on expanding and modernising its port infrastructure to support growing trade volumes and maritime logistics requirements.