Mercator Lines’ arm secures contract from ONGC

17 Nov 2011 Evaluate

Mercator Lines’ subsidiary - Mercator Oil & Gas, India has been awarded a contract by ONGC for conversion of their mobile offshore drilling unit (MODU) ‘Sagar Samrat’ into mobile offshore production unit (MOPU). Recently, Mercator Lines had taken delivery of a dredger on November 02, 2011.

Mercator Lines is India’s second largest private sector shipping company. It is engaged in providing sea-borne transportation services. The company has diversified its business into coal mining.

Mercator Share Price

0.84 0.00 (0.00%)
10-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 206.40
GE Shipping 1076.15
Dredging Corp 807.30
Seamec 1101.60
Transworld Shipping 376.90
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