Mercator Stock Touches New One Month-High on Winning Rs 26 Cr New Contract | CORPORATE ETHOS

Mercator Stock Touches New One Month-High on Winning Rs 26 Cr New Contract

By: | August 6, 2018
mercator

Aug 6: Mumbai-based Mercator Ltd, one of India’s largest private sector dredging company, on Monday announced that the company has won a Maintenance Dredging Contract of Goa Naval Area having a contract value of Rs 26.39 crore.

According to the company, “the contract is for a block year 2018-20, 50% of the project would be executed in FY 2019 and the remaining portion in FY 2020.”

Incorporated in 1983, Mercator Ltd is engaged in sea and coastal freight water transport; renting and operational leasing of water-transport equipment without operator, and cargo handling services. The company’s segments include shipping, offshore, and coal mining, procurement/trading and logistics. The shipping activities of the company are managed from India and Singapore while the off shore activities are managed from Singapore.

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