Review Save Dredging Corporation Of India Limited Dci Visakhapatnam India In vishakhapatnam, andhra-pradesh, india | Organisation In Vishakhapatnam
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Save Dredging Corporation Of India Limited Dci Visakhapatnam India
Vishakhapatnam,
Andhra-pradesh,India - 530001
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Detailed description is This has reference to the news item published in the Economic Time dated 6/3/17 regarding sale of 51% stake in Dredging Corporation India by GOI.
It is understood that the management has taken a stand that no official communication has been received in this regard from GOI..
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• However, considering the fact that it has been published in reputed newspaper, the news has caused ripples amongst all the employees who feel their future uncertain, threatened and in doldrums.
We feel that there cannot be smoke without fire and there some element of truth in the publication..
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• We were established in 1976 and have for the past 41 years shown consistent profit and provided returns to the Company in the form of Dividend and taxes.
DCI is amongst the highest service tax payers in visakhapatnam.
DCI is the crown of Visakhapatnam and has been the only consistent profit making company in the region..
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• DCI maintains the desired depths in ports and is the lifeline for the ports..
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• DCI always survived on its own sources and never took any funding from the Government.
It purchased dredgers out of its own sources or loans from Bank but never from Government..
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• DCI caters to the dredging requirement of all mjor ports and India Navy.
DCI recently started inland dredging for inland waterways..
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• DCI cash flows have been seriously effected in view of the outstandings from Sethusamudram and some ports.
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• DCI has taken up the issue with GOI but the Ministry GOI has been dilly dallying on the issue.
The issue of Sethusamudram has been pending with GOI for past 9 years..
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• Ministry has been promising that Cabinet note is under process but till now has not seen the light.Same is with regard to other ports..
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• The dues have severly effected the operations of the Company..
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• To rub on the wound on wound, Ministry has stopped giving works on nomination basis to DCI and forced DCI to participate in tenders against private and international parties who have started undercutting to grab the market thus pushing DCI into severe financial crisis..
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• Even in this crisis, the employees of DCI have been working exteremely well to see that the Company shows profits..
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• The GOI has disinvested in four instalments in DCI till now : 1991-92 – 1.44%, 2003-04 – 20%, 2015-16 – 5% and 2016-17 – 0.09% (Employees ).
The present holding of GOI is 73.47%.
The paid up capital of the Company is only Rs.28Cr.
The Company has 50000 shareholders..
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• Since the last disinvestment happened only in 2015-16 and employee sale in 2016-17, , there is no reason why there should be a strategic sale (reported as 51%) now.
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• The employees have never raised any voice in the previous disinvestment but are deeply concerned and agitated over the news of this strategic sale which is more than just a disinvestment.
It is the outright sale of the company to outside private parties..
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• The GOI should realise that DCI caters to strategic needs and should not be totally thrown open to private parties..
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• By this alleged strategic sale, DCI will loose its Government character.
The employees career and future of their families will be severely effected.
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• DCI is the only listed PSU in Visakhapatnam region and is one of the very few central PSU in the divided Andhra Pradesh.
Established in the recent years save dredging corporation of india limited dci visakhapatnam india in vishakhapatnam , andhra-pradesh in india.
This is a well known establihment acts as one-stop destination servicing customers both local and from other of the city.
Over the course of its journey , this business has establihed a firm hold in the [category].
The belief that customer satisfaction is an important as it products and services , have helped this establihment garner a vast base of customers and continue to grow day by day
Foods is provided with high quality and are pretty much the highlight in all the events in our lives.
Sweets and food are the ideal combination for any foodies to try and this save dredging corporation of india limited dci visakhapatnam india is famous for the same.
This has helped them build up a loyal customer base.
They have started a long journey and ever since they have ensure the customer base remains the same and growing month on month.
As they are located in favourable location , becomes the most wanted space for the tourist.
For any kind and assistance , it is better to contact them directly during their business hours.
Premises has a wide parking area and need to avail special permissions for parking.
Pets inside the premises are not allowed and require additional permission.
Cashless payments are available and extra charges for the credit cards are levid.
They are listed in many of the food delivery networks for home delivery with appropriate charges.
They accept cards , cash and other modes of payments
Tips are not actually encouraged but customers are willing to offer any benefit as needed.
There you can find the answers of the questions asked by some of our users about this property.
This business employs inviduals that are dedicated towards their respective roles and put in a lot of effort to achieve the common vision and goals.
It is a effortless task in communiting to this establishment as there are various modes available to reach this location.
The establishment has flexible working timings for the employees and has good hygene maintained at all times.
They support bulk and party orders to support customers of all needs.
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