DCI lowest bidder for dredging contract at Mumbai Port

Dredging Corporation of India today said it has emerged as the lowest bidder for a three- year dredging contract from Mumbai Port Trust.

"The project involves dredging of around 11 million cum at an estimated cost of Rs 141.06 crore for three years," DCI said in a filing to the BSE.

It said it emerged as the lowest bidder in a tender invited by Mumbai Port Trust for maintenance of dredging works for three years from 2017-18 in a stiff competition with an international company.

The company said that the Port Trust is expected to issue the work order soon.

DCI has recaptured the maintenance dredging work after almost a decade at Mumbai Port, the PSU added. DCI comes under the administrative control of the Ministry of Shipping.