The bonds market is already abuzz with Tax free bonds and now Dredging Corporation of India is coming out with its Rs. 500 crore public issue of tax free secured redeemable non-convertible bonds. Here are the details
As I said above, I don’t know why anyone should opt for these bonds. HUDCO Tax Free Bonds are better option as it offers 7.53% vs 7.47% by Dredging Corporation of India.
Dredging Corporation of India is a Govt. of India undertaking and is a Mini Ratna Category I PSU. The Company provides dredging services. The Company caters to the dredging requirements of the Haldi/Kolkata Port. The Company also caters to the maintenance of dredging requirements to other ports, Indian Navy. The Company provides capital dredging for creation of new harbors, deepening of existing harbors or maintenance of various ports.
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