Dec 20: Mercator Ltd on Thursday to announced that the company has emerged as the lowest bidder in its bid for maintenance dredging of 7.0 million CUM quantity for 3 years at Paradip Port vide tender floated by Paradip Port Trust.
According to the company, the contract value of this contract is around Rs 167.61 crore which is expected to be completed over a period of 36 months.
“Company’s dredging division has successfully been executing maintenance dredging work for Paradip Port Trust for more than a decade,” it said.
Mercator Ltd has Shipping, Dredging, Coal mining and infrastructure and
Oil exploration businesses.