Mercator Lines

Mercator Lines Ltd

Type	Public
Traded as	BSE: 26235 NSE: MLL
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$138.69 million) [2]
Website	www.mllindia.com

Mercator Group (NSE: MLL, BSE: 26235) is an Indian Shipping Corporation with diversified interests in Transportation, Dredging, Oil and Gas, Ship Management services, Marine Logistics and Offshore services. Mercator Lines Ltd is the parent company and is the second largest private sector shipping company in India based in Mumbai.^[3] It has recently forayed into the Offshore business with its subsidiaries Mercator Oil and Gas Ltd and Mercator Offshore Ltd.

The company was started by H K Mittal.

Mercator Lines will spend 4,000 crore (US$811.2 million) in the next two years to expand its fleet of ships.^[4]

Mozambique gold mine

In early 2008, the company's overseas arm, Mercator Lines Singapore Limited, was awarded a coal block in Mozambique. It turned out to be a gold mine with an estimated reserve of 3 billion tonnes of coal.^[5] Mercator owns 85% economic interest in the mine and it has a 30-year mining lease. The mining will begin in 2010, and the company will pay $1 per tonne royalty to the Government of Mozambique.

References

1. ^ "Management / BOD". Mllindia.com. http://www.mllindia.com/about/index.aspx?id=7002. Retrieved 2011-01-24. 
2. ^ "BSE Plus". Bseindia.com. http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=526235. Retrieved 2011-02-02. 
3. ^ [1]^{[dead link]}
4. ^ "Mercator to invest Rs 4,000 cr". Sify.com. 2008-05-13. http://sify.com/finance/fullstory.php?id=14672275. Retrieved 2010-10-20. 
5. ^ "Mercator Lines sitting on 3-bn tonne of coal reserves". Ndtvprofit.com. 2008-05-14. http://www.ndtvprofit.com/2008/05/14215226/Mercator-Lines-sitting-on-3bn.html. Retrieved 2010-10-20. 

External links

• Mercator Lines Limited

This article about transport in India is a stub. You can help Wikipedia by expanding it.v · Categories: Companies listed on the Bombay Stock Exchange Companies listed on the National Stock Exchange of India Companies established in 1983 Shipping companies of India Companies based in Mumbai Indian company stubs India transport stubs Wikimedia Foundation. 2010. Игры ⚽ Поможем решить контрольную работу Democratic Liberal Party (Romania) 1999 Australian Drivers' Championship Look at other dictionaries: Mercator — (Latin for merchant ) may refer to: Marius Mercator (c. 390–451), a Catholic ecclesiastical writer Gerardus Mercator, a 16th century Flemish cartographer Mercator projection, a cartographic projection devised by Gerardus Mercator Nicholas… …   Wikipedia Mercator projection — of the world between 82°S and 82°N. Mercator world …   Wikipedia Mercator projection — n. a method of making maps in which the earth s surface is shown with the meridians as parallel straight lines spaced at equal intervals and the parallels of latitude as parallel straight lines intersecting the meridians at right angles but… …   English World dictionary Mercator, Gerardus — orig. Gerard Kremer born March 5, 1512, Rupelmonde, Flanders died Dec. 2, 1594, Duisburg, Duchy of Cleve Flemish cartographer. He received a master s degree in 1532 from the University of Louvain (Belgium), where he settled. By 24 he was a… …   Universalium Mercator's projection — noun a map projection of the earth onto a cylinder; areas appear greater the farther they are from the equator • Syn: ↑Mercator projection • Hypernyms: ↑map projection * * * Mercator s projection noun A representation of the surface of the globe… …   Useful english dictionary MERCATOR, Gerardus — (1512 1594) Gerardus Mercator, a transforming figure in the history of cartography, de­vised the projection that bears his name when he created his world map of 1569 that revolutionized both mapmaking and, by extension, the way people came to… …   Renaissance and Reformation 1500-1620: A Biographical Dictionary Mercator , Gerardus — (1512–1594) Dutch cartographer and geographer Mercator, originally named Kremer, was born at Rupelmonde, now in Belgium. At the University of Louvain (1530–32) he was a pupil of Gemma Frisius. After learning the basic skills of an instrument… …   Scientists Mercator Projection —    The famous Flemish cartographer Gerardus Mercator (1512 1594) was given at birth the name Gerhard, the family name being Kremer (meaning shopkeeper or merchant), but he preferred the Latinized version of his full name. Mercator set up a… …   Dictionary of eponyms Mercator projection — Cartography. a conformal projection on which any rhumb line is represented as a straight line, used chiefly in navigation, though the scale varies with latitude and areal size and the shapes of large areas are greatly distorted. Also, Mercator s… …   Universalium Mercator-Projektion — klassische Mercator Projektion in normaler Lage Die in der Kartografie verwendete Mercatorprojektion ist eine Form der Zylinderprojektion, bei der die Projektion in Richtung der Zylinderachse geeignet verzerrt ist, um eine winkeltreue Abbildung… …   Deutsch Wikipedia 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”