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Dredging Corp of India share price hit a 20% upper circuit as the company announced 22 memorandums worth Rs 17,000 crore signed during the India Maritime Week 2025 event on Monday, as per an exchange filing.

Recently, PM Modi had announced a Rs 4,000 crore investment for the modernisation of the company during the event's inauguration. The Rs 4,000 crore investment will aim for fleet modernisation as well as capacity enhancement to strengthen India's dredging infrastructure.

The memorandums include:

Promoter ports and major ports including Visakhapatnam Port, Paradip Port, Jawaharlal Nehru Port : To cater to their dredging requirement for next two to five years.

Cochin Shipyard : For constructi

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