Mercantile Ports & Logistics LtdLSE Mercantile Ports Stock Report

Mercantile Ports & Logistics Ltd. is a holding company, which engages in the development and operation of port and logistics facilities. The company employs 63 full-time employees The company went IPO on 2010-10-07. The firm is implementing its project of developing a modern port and logistics facility at Karanja Creek in the Raigad District of Maharashtra. The port is being developed over 200 acres of land with a sea frontage of approximately 1,000 meters at Karanja Creek. The multi-purpose terminal is designed to accommodate a variety of cargoes, including containers, bulk, break-bulk cargo, and roll-on/roll/off (Ro-Ro). The terminal is comprised of about 800 meters of quay, utilizing both sides of a 400-meter jetty, which is serviced by multipurpose cranes, and about 200-acre back-up area for cargo storage and a modern logistics facility. The Karanja Terminal also focuses on housing a logistics complex spread over approximately 100 acres of land. The facility comprises logistic and warehousing facilities for storage of cargo, including cold and bonded storage and value-add services.