Mercator sells MT Vedika Prem vessel for Rs 28.54 crore

Mercator has sold its old vessel MT Vedika Prem, built 1993, for a total consideration of Rs 28.54 crore and the proceeds of which would be used to meet its debt obligations / liabilities.

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.