Summary
Mercator Limited was incorporated on November 24, 1983 as Private Limited Company with name as Mercator Lines Private Limited. It was converted into Public Limited Company dated April 12, 1984 and the name of the Company was changed to Mercator Limited vide ROC approval dated November 22, 2011. The Company is an established player in the marine transportation industry and the second largest private sector shipping company in India.The Company also has presence in the Oil & Gas Offshore business through its subsidiaries. MLLs business segments are classified into broad categories of Shipping (Tankers (Wet Bulk), Dry Bulk Carriers and Dredgers), Offshore, Logistic Solutions and Mining. The fleet of the company is a combination of vessels ranging from Bulk carriers, Medium Range vessels and Aframaxs to VLCCs. MLL has done pioneering work by operating vessels in some unchartered rivers like the Tapti and has thus opened new navigational routes.Mr. H. K. Mittal the promoter of the company took it over in the year 1988. The Companys maiden public issue was gone to capital market in the year of 1993. The tonnage of the company was 4000 DWT level in the year of 1994. The Company had undertaken a major expansion drive to add 9 tanker vessels during the year 2005 at an aggregate cost of Rs 13 Crores. During the year 1996, the company acquired and commenced the operation of one mini tanker, the Power Station of BSES at Dahanu. In 1998, MLL won a contract with M/s. Indian Oil... Read More
Reports by Mercator Ltd
Reports by Mercator Ltd