Under the agreement, both companies will provide comprehensive ship repair and dry-docking services for DCIL’s fleet. The partnership also includes joint exploration of shipbuilding opportunities, particularly in specialized dredgers and offshore support vessels.

Captain S. Divakar, managing director & CEO of DCIL, stated, “This MoU reflects our commitment to operational excellence, fleet modernization, and expanding regional partnerships. By collaborating with Colombo Dockyard, we aim to enhance the lifecycle efficiency of our fleet while exploring new opportunities in shipbuilding and offshore support vessels.”

Thimira S. Godakumbura, managing director & CEO, CDPLC, said, “We are proud to partner with DCIL, a leader in dredging operations. This collaboration reinforces our position as a preferred maritime service provider in South Asia and opens new avenues for technological exchange and sustainable growth.”

The MoU also provides for technical collaboration and knowledge sharing, aimed at enhancing capabilities and strengthening the regional maritime ecosystem.

Dredging Corporation of India is engaged in providing integrated dredging services to ports, the Indian Navy, and other maritime organizations in India.

The company reported a standalone The company reported a net loss of Rs 24.63 crore in Q3 FY26, compared to a net profit of Rs 16.06 crore in Q3 FY25. Revenue from operations declined 14.9% year-on-year to Rs 276.08 crore in Q3 FY26.