Mercator Limited, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, has emerged as the lowest bidder in its bid for reclamation works of South-West cove at Jawahar Dweep, floated by Mumbai Port Trust.
The contract, worth around $3,3 million, 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 ,” Mercator stated in today’s release.
The company is one of India’s largest dredging companies in the private sector and has a presence in varied segments namely shipping, offshore business, oil exploration and production, dredging, coal mining/trading and logistics.