NEW DELHI: Dredging Corporation of India Ltd (DCI) has won the annual maintenance dredging contracts from Paradip Port Trust and Cochin Port Trust recently .
These are the first contracts since the central public sector undertaking was acquired by a consortium of four Major Port Trusts -Visakhapatnam Port Trust, Paradip Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust for Rs 1,049 crore in March.
DCI won the annual maintenance dredging contract at Cochin Port Trust for Rs 83.89 crore after emerging the lone bidder following two rounds of tender, a Shipping Ministry official said.
DCI wrested the annual maintenance dredging contract at Paradip Port Trust on nomination basis (without a tender) after the Port Trust scrapped a tender for the work in which Mercator Ltd had emerged the lowest bidder. Mercator’s bid was rejected due to some technical reasons, the official said.
