Dredging Corporation of India Limited
Invesco Mutual Fund increased its stake in Dredging Corporation of India Limited from 4.79% to 5.72%, purchasing 2,61,999 shares and crossing the 5% disclosure threshold.
A state-owned enterprise providing integrated dredging services to ports, the Indian Navy, and maritime organizations across India. The company specializes in maintaining navigable waterways, deepening harbor channels, and supporting coastal infrastructure development through advanced dredging operations. DCI operates as a key player in India's maritime sector, offering specialized dredging expertise, technical capabilities, and equipment for both commercial and defense applications nationwide.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.