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Dredging Corp's long-term rating reaffirmed at CARE BBB+; Stable by CareEdge. Revenue grew 21% (FY25) & 28% (H1FY26), but profitability was hit by ₹118 Cr liquidated damages and ₹34 Cr forex loss, causing net losses. A ₹1,422 Cr order book gives 1.25 years visibility. New €89.39 million dredger by Oct 2026 to boost capacity.
All announcements from Dredging Corporation of India Limited