Mercator Bags Paradip Port Dredging Contract
- Business & Finance
Mercator Limited, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has emerged as the lowest bidder for the Paradip Port maintenance dredging project.
According to the tender, which was floated out by Paradip Port Trust, the project includes dredging of 7.0 million CUM over the next three years.
Dredging will remove sediment from the approach channel, entrance channel, turning circle, docks, etc.
The contract value of this three-year project is around INR 1676.1 million.
Mercator also announced that the company’s dredging division has successfully been executing maintenance dredging work for Paradip Port Trust for more than a decade.