Public Sector Dredging Corporation of India (DCI) said that it has bagged Rs 102 crore contract from Bangladesh for dredging in the Pussur Channel.

The contract has been awarded by the Mongla Port Authority and involves dredging around 3.88 million cubic meters over the next 15 months, DCI said in a filing to the Bombay Stock Exchange.

This is the first international contract bagged by DCI through an open global tender. DCI has planned to commence the dredging work by September.

Meanwhile, shares of the company were trading at Rs 646.20 apiece, down 1.28 per cent from the previous close at 12:30 hours on BSE.