Mercantile Ports & Logistics Ltd

LSE:MPL

Mercantile Ports & Logistics Ltd. is a holding company, which engages in the development and operation of port and logistics facilities. The company employs 59 full-time employees The company went IPO on 2010-10-07. The firm develops, owns and operates port and logistics facilities. The company is engaged in developing a port and logistics facility at Karanja Creek in the Raigad District of Maharashtra. The company intends to develop and operate shallow draft ports or deep draft ports at other locations along the Indian coastline. Its project at Karanja is located in close proximity to Jawaharlal Nehru Port Trust (JNPT), a container handling port. At the Karanja port, the Company focuses on mid-stream discharge and loading of cargo while vessels wait at anchorage for a berth in JNPT, and coastal movement of cargoes, such as containers, cement and other break-bulk cargo, which typically ply in smaller vessels. The company also focuses on developing an integrated container freight station (CFS) (logistics facility) at the Karanja port. The company is also engaged in developing a port and logistics facility in Mumbai, India.