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Mercator emerges lowest bidder for contracts worth Rs 16 cr

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Capital Market
Mercator has emerged as the lowest bidder in its bids for the following contracts having an estimated combined contract value of Rs. 16 crore:

- Mormugao Port Trust for maintenance dredging at Mormugao Port areas where the Company retains the contract for the straight 5th year in line.

- Gujarat Maritime Board for maintenance dredging at Porbandar Port areas

Both of the above-mentioned contracts would be executed in FY 2019.

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First Published: Jul 26 2018 | 3:12 PM IST

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