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Dredging Corp secures Rs 88-cr contract from Cochin Port

Press Trust of India  |  New Delhi 

Corporation of Ltd (DCI) today said it has secured a Rs 88.51 crore contract for of channels at

DCI secured the contract through competitive bidding, the company said in a filing.

DCI has been carrying out the maintenance works at continuously since 2011-12.

"invited global tenders for maintenance dredging for the year 2017-18...DCI participated in bidding process....DCI stood as the lowest bidder with Rs 88.51 crore. Thereby successfully retaining the work in its order book for next year," it said.

The dredging at Cochin Port will be carried out throughout the year by deploying two dredgers, it added.

DCI said it is the only PSU in the dredging field in and is securing all major contracts through open competitive bidding process.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 21:00 IST