Posted October 8, 2019
Dredging & Marne Industry Company Seeking JV Partner
A profitable 20 year old company in the Dredging and Marine Industry is seeking a JV partner for a 50% stake in their business. The Company was Incorporated under the Companies Act of 1956, The Company is engaged in providing contractual services related to various industries such as Dredging, Marine, Shipping, Mechanical, Civil Construction and also has a valid license for Import / Export business. The Company is specialized in handling turnkey projects. The primary objective of the Company is to meet the growing needs and demands of Dredging, Marine & Shipping industries and Civil, Power and Oil sectors. With Multiple offices in various states of India and a wholly owned subsidiary company located at Ras Al Khaimah, U.A.E.
The Company has achieved a 4A3 financial rating which indicates - High in terms of Financial Stability & Performance Capability from Dun & Bradstreet, U.S.A. The company is ISO 9001:2000 certified and has successfully completed multiple projects Domestically and Internationally. The Company has recently been awarded the following projects:
- Two East African JV projects worth USD 9 and 12 million.
- A World Bank project in North India worth USD 20 million.
- A project in Southern India worth USD 5 million
In addition, the Company currently has Ongoing Projects: USD 55 million, plus USD 24 million in JV projects. Additional future World Bank, ABD funded & other Port Projects tenders in India worth USD 304 million. Company's Current Fixed Assets USD 28 million.
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