Mercator Ltd

Summary

Mercator Lines Limited (MLL), an established player in the marine transportation industry and the second largest private sector shipping company in India was incorporated on 24th November 1983 as a private limited company. 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.MLLs status was converted from private limited to a public limited company on 3rd April of the year1984. 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 Corporation Ltd. against stiff competition for transportation of bulk petroleum products on the East Coast. The... Read More