Aug 6: Mumbai-based Mercator Ltd, one of India’s largest private sector dredging company, on Monday announced that the company has won a Maintenance Dredging Contract of Goa Naval Area having a contract value of Rs 26.39 crore.
According to the company, “the contract is for a block year 2018-20, 50% of the project would be executed in FY 2019 and the remaining portion in FY 2020.”
Incorporated in 1983, Mercator Ltd is engaged in sea and coastal freight water transport; renting and operational leasing of water-transport equipment without operator, and cargo handling services. The company’s segments include shipping, offshore, and coal mining, procurement/trading and logistics. The shipping activities of the company are managed from India and Singapore while the off shore activities are managed from Singapore.