Dredging Corporation of India Limited — Credit Ratings, 13-04-2026: Credit Rating

CareEdge Ratings reaffirmed Dredging Corporation of India's Long Term Bank Facilities at CARE BBB+ (Stable) and Short Term facilities at CARE A3+. The ratings reflect DCIL's strong promoter support, including ₹342 Cr unsecured loans, established market presence, and growing order book. While an ageing fleet and new debt-funded capital expenditure pose near-term challenges, capacity expansion with a new dredger is expected to boost financials from FY27.