Mercator secures Rs 200 cr order from IOC

New Delhi, June 5 (UNI) Mercator Lines Ltd today said it has bagged a Rs 200 crore order from IndianOil Corporation Ltd (IOC) for transportation of about 12 million tonnes crude oil over a period of 15 months from July this year.

The company after acquiring four dry bulk vessels with an investment of Rs 1,000 crore in the dry bulk shipping vessels sector last month, is likely to build up a shipyard in Palghar in Maharashtra, a statement said.

UNI