UNDERWATER SERVICES COMPANY LIMITED Bags ₹315 Cr Green Tug Chartering Contract from New Mangalore Port Trust
Contract Awarded Key Takeaways
- ✓ UNDERWATER SERVICES COMPANY LIMITED awarded ₹315 Cr contract for green tug chartering.
- ✓ Project awarded by New Mangalore Port Trust in Dakshina Kannada, Karnataka.
- ✓ Three bidders participated; two qualified technically.
- ✓ Ocean Sparkle Limited qualified technically but was rejected at finance stage.
- ✓ THE SHIPPING CORPORATION OF INDIA LIMITED was disqualified at technical stage.
- ✓ The project aims to enhance sustainable marine operations at NMPT.
UNDERWATER SERVICES COMPANY LIMITED has been awarded the ₹315 crore contract by New Mangalore Port Trust for the chartering of a green tug in Dakshina Kannada, Karnataka. The award follows a competitive bidding process with three participants and two technical qualifiers.
In a significant development for India's marine infrastructure, UNDERWATER SERVICES COMPANY LIMITED has secured the prestigious chartering of green tug contract from New Mangalore Port Trust (NMPT). The contract, valued at ₹315 crore, is set to boost sustainable marine operations at the port in Dakshina Kannada, Karnataka.
The tender, sourced through EPROCURE, saw three bidders vying for the project, with the process culminating in the formal award to UNDERWATER SERVICES COMPANY LIMITED on 1 July 2026 after technical and financial evaluations.
The Award
UNDERWATER SERVICES COMPANY LIMITED has been formally awarded the contract for the chartering of a green tug by New Mangalore Port Trust at a value of ₹315 crore. The company emerged as the L1 bidder and fulfilled all technical and financial requirements, leading to the acceptance of their offer and the award of contract.
Bidders (3)
About the Project
- Project involves chartering of a green tug for New Mangalore Port Trust.
- Located in Dakshina Kannada, Karnataka.
- Aims to enhance sustainable and efficient marine operations at NMPT.
- Procurement conducted via EPROCURE platform.
Why It Matters
This award marks a step forward in NMPT's commitment to sustainable port operations, leveraging green technology to modernise marine services in Karnataka.
The awarding of the ₹315 crore green tug chartering contract to UNDERWATER SERVICES COMPANY LIMITED underscores NMPT's focus on sustainability and operational excellence. The competitive bidding process highlights the growing interest in green marine solutions across India's ports.
