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Sammakka-Sarakka jatara brings business for Anakapalli jaggery traders
Jaggery prices moves to Rs. 115 per kg

Security failure in Coramandal Fertilizers Factory
Rs.3.50 lakh worth of iron items looted

Bauxite mining issue gaining momentum again
Tribals launch seven days padayatra

Essar Steel acquires US Steel company
Estimated reserves of 1.4 billion tonnes of iron ore

ONGC Human Resources Meet begins at Visakhapatnam
Chairman stress importance of HR in business

Visakhapatnam, September 28, 2006

Net profit of Rs. 176.46 crores during the financial year 2005-06

The Dredging Corporation of India (DCI) earned the highest ever net profit of Rs. 176.46 crores during the financial year 2005-06 and recorded a turnover of Rs. 542.89 crores during the period. At a press conference on Thursday, the DCI Chairman NK Gupta said the company's biggest achievement was its nomination for entire dredging work of Sethusamudram ship channel project worth over Rs. 2000 crores in addition, the Rs. 235 crore capital dredging project of Paradeep Port Trust was expected to be awarded to DCI.

He said that negotiations were on with companies in Bahrain for forming joint ventures for dredging projects in West Asian Countries. UK based Price Waterhouse Coopers was appointed to benchmark DCI's corporate plan for the period 2005-06 to 2009-2010 and the exercise was expected to be completed by the end of the year.

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