Mercator gets Rs 210 cr contracts from Paradip Port in Odisha

MUMBAI: Diversified conglomerate Mercator Group today said it has bagged two contracts worth Rs 210 crore from Paradip Port Trust in Odisha.

"The Company has secured two new orders from Paradip Port Trust for maintenance dredging of the approach and extended approach channel...aggregating to Rs 210 cr approx," Mercator Ltd, earlier known as Mercator Lines said in a filing to the Bombay Stock Exchange ( BSE).

Both the contracts are to be executed within three years, the company said.

The group has presence in coal, oil, gas, commodity and dredging among other sectors.

Mercator group has diversified business interests in Coal, Oil & Gas, Commodity Transportation and Dredging.

The company scrip closed at Rs 19.75, down 0.5 per cent on the BSE.