bse 526235 nse mercator industry shipping coal dredging and offshore oil founded 1983 mumbai headquarters mumbai maharashtra india key people h. k. mittal chairman & atul j. agarwal md 1 revenue 683.90 crore us 100 million 2 website www.mercator.in mercator limited is an indian company . it was earlier known as mercator lines ltd. . the mercator group of companies has diversified business interests in coal oil & gas commodity transportation and dredging . mercator limited formerly mercator lines ltd. is the parent company and is the second largest private sector shipping company in india based in mumbai . it has recently forayed into the offshore business with its subsidiaries mercator oil and gas ltd and mercator offshore ltd. contents 1 group overview 2 tankers 3 dry bulk carriers 4 coal & logistics 5 oil & gas 5.1 floating production unit mopu fso 5.2 sagar samrat 6 references 7 external links group overview edit mercator ltd. is the second largest private sector shipping company in india in terms of tonnage . mercator ltd was incorporated on 24 november 1983 as a private limited company . it was converted into a public limited company on 3 april 1984 . it has done pioneering work by operating vessels in some uncharted rivers like the tapti and has thus opened new navigational routes . it has diversified itself into various business segments . mr. h. k. mittal the promoter of the company took it over in the year 1988 and the company has become the second largest private sector shipping company in india in terms of tonnage . citation needed since its maiden public issue in 1993 it has grown in terms of financial parameters like turnover profits tonnage and market capitalization . presently the shares of the company are listed on mumbai stock exchange and national stock exchange . during april 2005 the company completed its first international offering of foreign currency convertible bonds aggregating usd 60 mn . the issue is listed on singapore stock exchange . citation needed the company also added new business segment namely offshore drilling with acquisition of jack up rig . the rig received ahead of its schedule ; was deployed immediately upon delivery in march 2009 ; for a period of three years on firm bare boat charter . the group has opted out of the offshore drilling segment wef march 2011 as strategic decision . the company also forayed into dredging and presently owns a fleet of four thsd dredgers & one csd dredger . mercator group has also acquired economic interest in coal mines in mozambique and indonesia with substantial coal resources ; as a measure of backward integration to strengthen its shipping activities and to meet the huge energy demand in india . the commercial operations in indonesia have already commenced . tankers edit mercator commenced its wet bulk business in 1998 by acquiring the vessel m. t. richa 9 750 dwt and entered into crude oil transportation in 2003 . in a very short span of time it has grown to be amongst the major indian companies in this segment . mercator is the second largest tanker owners in the private sector in india in terms of tonnage . the company operates its fleet as a mix of spot contracts single voyage and period contracts fixed term . the company presently has a consolidated dwt of 760 189 tones for this segment . in addition to its usage for transportation of cargo tankers can also be used as offshore storage facilities . the company has one such modern aframax tanker on a long term period contract . mercator also is the first indian company to have its complete tanker fleet of double hull dry bulk carriers edit mercator s dry bulk shipping business is handled through its singapore listed subsidiary mercator lines singapore limited mls . commencing operations in 2005 it has established a market presence in the indian coal transport market specializing in the transportation of dry bulk commodities such as coal into india from australia and indonesia ; and iron ore from india to countries such as china . mercator s network strength in the indian markets helps maximize the capacity usage efficiencies by utlilizing its ships on the triangular route of indonesia india china indonesia . mercator also provides its customers with shipping . the group primarily services large thermal based power plants and steel companies and has established strong relationships with reputed end user customers such as vale tata power arcelor mittal group and cosco to name a few mls presently controls an operating fleet of 18 vessels including a vloc which is the largest bulk carrier in india and singapore coal & logistics edit mercator ltd was have been in business of coal transportation & logistics since 1995 & served many thermal power station in india . mercator ltd entered into coal business in 2008 as backward integration . coal business includes coal mining coal trading handling & shipping mercator ltd acquired coal mines in indonesia with substantial coal resources as a measure of backward integration . mercator also provides shipping in india . oil & gas edit mercator first forayed into the oil & gas business in 2004 when it chartered a floating storage and offloading fso unit to bg group . since then the oil & gas division has seen a steady growth with the most recent achievement being the sagar samrat conversion project for ongc . floating storage and offloading fso units and a mobile offshore production unit mopu in nigeria the oil & gas vertical has proved itself as a strategic component of mercator s philosophy of diversified growth . citation needed company placed the order for a jack up rig in november 2007 with keppel fells ltd which was delivered in 2009 & was immediately contracted to one of private sector shipping company in india . the group has opted out of the offshore drilling segment wef march 2011 as strategic decision . floating production unit mopu fso edit in 2010 mercator won a contract for charter of a floating production unit fpu which is a combination of a mopu and an fso from afren plc. a uk listed company with worldwide operations in oil exploration . to execute this mercator provided engineering procurement construction installation and commissioning epcic services successfully at an oil field in nigeria with the services customized as per the requirements of the charterer . this project was executed in 432 days working around the clock and coordinating the project from various parts of the world . mercator is currently operating the fpu at the ebok field in nigeria . citation needed sagar samrat edit on 17 november 2011 a consortium of mercator and gulf piping company abu dhabi was awarded an epc contract by ongc for conversion of their mobile offshore drilling unit modu sagar samrat into mobile offshore production unit mopu . the detailed engineering design is by gl noble denton uae for marine part and samsung heavy industries india pvt. ltd shi i for production facility.it is purely indian and the infrastructure of the mill is on the indian rupee 1 note references edit management bod . mllindia.com . retrieved 2011 01 24 . bse plus . bseindia.com . retrieved 2011 02 02 . external links edit mercator limited mercator lines singapore limited jobs in mercator retrieved from https en.wikipedia.org w index.php title mercator company & oldid 734446720 categories companies established in 1983companies listed on the bombay stock exchangecompanies listed on the national stock exchange of indiashipping companies of indiacompanies based in mumbaihidden categories use dmy dates from september 2012all articles with unsourced statementsarticles with unsourced statements from january 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 august 2016 at 11 38 . text is available under the creative commons attribution sharealike license ; 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