Mumbai based Mercator Lines Limited is planning to enter the primary market with an Initial Public Offering (IPO) for its coal mining unit. The company is going to raise USD 150 million through the share sale in subsidiary. The company is engage in the Shipping, Coal, Dredging and Offshore Oil and Gas services.
The company has reported a net loss of Rs 50.02 crore in the quarter ended March 2011, on total income of Rs 168.37 crore. Market capitalisation of the company stands at Rs 972.22 crore.
Company Address :-
Mercator Lines Limited
3rd Floor, Mittal Tower, B-wing
Tel : +91-22-66373333 / 40373333
Fax : +91-22-66373344
Stay tuned to BelltheBull Blog for more news on Vishwanath Projects IPO !Google+