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The biggest privately owned company engaged in DREDGING business since last 15 years
has dredging capability of about 6,00,00,000 cubic meters (CuM) per annum with present fleet of dredgers capable of dredging almost any type of soil in the sea
Turnover Capacity upto INR 2000 Crore (20 Billion), Last 5 years average Turnover INR 350 Crore (3.5 Billion) due to paucity of funds
Owns and charters high-capacity dredgers in India; Undertakes dredging jobs across all 12 major ports of India
market leader in capital dredging works, expert in maintenance dredging activities, and proficient in rock dredging operations
Employs over 800 experienced staff (Indians and foreign nationals) with total strength of about 1600 employees. Having a team of qualified and experienced Marine engineers (including directors)
Dredging is a process carried out for digging the sea bed that consists of different types of soil or rock to deepen the harbor to serve ships with bigger drafts.
Capital Dredging is carried out on virgin land to make it deeper for new construction activities and Maintenance dredging is carried out to remove the siltation caused by tide/natural process to an area that has been dug already through capital dredging.
12 major ports in India like Cochin Port Trust, Mumbai Port Trust, Jawaharlal Nehru Port Trust, Vishakhapatnam Port Trust, Chennai Port Trust etc. are into constructing new container terminals as the container traffic calling in has increased phenomenally. This is giving rise to a big requirement of Capital Dredging that needs to be carried out followed by continuous Maintenance Dredging requirements.
This business is for outright sale or strategic investment (60:40) or Merger, Amalgamation, Takeover or other private financial partnership.
Expected size about INR 300 crore plus.
All 12 ports of India including Kandla, Mumbai, Coachin, Chennai, Vishakhapatnam, JNPT
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