Mercator sells FSO Ship for Rs 49.54 crore

18 Jan 2020

Mercator has sold its Floating Storage and Offloading Unit (FSO) Ship - Prem Pride, built 1999, for a total consideration of Rs 49.54 crore and the proceeds of which is used to reduce the debt of the company. The deal was concluded on January 16, 2020.

Mercator is one of India's largest private sector Dredging Company. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.

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