Mercator Bags Rs 24.5 Cr Reclamation Contract from Mumbai Port Trust | CORPORATE ETHOS

Mercator Bags Rs 24.5 Cr Reclamation Contract from Mumbai Port Trust

By: | October 5, 2018
mercator

Oct 5: The Mittals-promoted Mercator Ltd on Friday announced that the company has emerged as the lowest bidder in its bid for reclamation works of South-West cove at Jawahar Dweep vide tender floated by Mumbai Port Trust.

According to the company, the contract value of this job is around Rs 24.50 crore which is expected to be completed over the next 18 months.

Company’s dredging division has so far focused on maintenance dredging works and is now extending its expertise to Land Reclamation and Rock dredging and hence opening new avenues for future growth.

Incorporated in 1983, the Mumbai-based company has Shipping, Dredging, Coal mining and infrastructure and Oil exploration businesses.