Mercator Limited Bags Maintenance Dredging Contract
Deepthi | Myequity news | Date : 20-12-2018 15:05:00 IST
Mercator Limited 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. The contract value of this prestigious job is around INR 167.61 crores 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.
About Mercator Limited:
Mercator Limited is an Indian company. It was earlier known as Mercator Lines Ltd. The Mercator group of companies has diversified business interests in Coal, Oil & Gas, Commodity Transportation, and Dredging. Mercator Limited (formerly Mercator Lines Ltd.) is the parent company and is the second largest private sector shipping company in India, and it is based in Mumbai. It has recently forayed into the Offshore business with its subsidiaries Mercator Oil and Gas Ltd and Mercator Offshore Ltd.