Dredging Corporation of India jumps after deal with Colombo Dockyard

Dredging of India

08/04/2026 05:20

** Shares of Dredging Corporation of India Ltd DRDG.NS rise as much as 10.2% to 924.4 rupees

** Co enters memorandum of understanding (MoU) with Colombo Dockyard PLC

** Adds, collaboration aimed at high-quality, cost effective solutions in vessel maintenance, repair, retrofitting, and new shipbuilding initiatives

** Broader markets also up on the day, with benchmark Nifty 50 index NSEI 3.5% higher .BO

** Asian markets rise broadly after U.S. President Donald Trump agrees to a two-week ceasefire with Iran MKTS/GLOB

** DRDG last up 6.1%, cutting YTD losses to 15.9%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))