Dredging Corporation of India (DCIL) announced that CARE Ratings has reaffirmed its long-term credit rating at 'CARE BBB+' with a stable outlook, along with a short-term rating of 'CARE A3+'. This reaffirmation reflects the company's nearly five-decade presence in the dredging sector, strong backing from major ports, and a growing order book that enhances medium-term revenue visibility. The company reported a 21% year-on-year revenue growth in FY25 and 7% in the first nine months of FY26, driven by increased order inflows and execution. Promoter support is anticipated to continue, helping with liquidity and capital expenditures. However, DCIL faces challenges such as an ageing dredger fleet leading to high maintenance costs, exposure to foreign exchange risks, and increased competition from domestic and global private players. The company has also secured an additional term loan of ₹150 crore from Sagarmala Finance Corporation for maintenance and new dredger acquisition, which is expected to enhance its operational capacity and debt coverage in the coming years.