Mercator has already achieved around 50 percent of its annual coal production guidance of approximately 2 million MT for FY19.
Mercator has reported a consolidated total income from operations of Rs 217.49 crore and a net loss of Rs 46.55 crore for the quarter ended Jun-2018
Mercator, as a group, has presence in upstream sector through block ownership & project execution services.
The operations were disturbed for a large part of the third quarter due to change in the management team, it said in a BSE filing.
"As one of the largest private sector dredging companies in India, our extensive experience would surely help us get a slice of this business. Pipelines for upcoming contracts are strong and growing," Mercator Chairman H K Mittal said.
Speaking to CNBC-TV18, Shalabh Mittal, MD and CEO of Mercator said that the company is focused on deleveraging its balancesheet and has brought down debt to Rs 2,000 crore against Rs 3,000 crore in the first 9 months of FY17.
ICICI Bank | ONGC | Tech Mahindra | Narayana Hrudayalaya | UCO Bank | Asahi Songwon | IFB Industries | Wonderla Holidays | Bajaj Holdings | Bank of Maharashtra | InterGlobe Aviation | Firstsource Solutions | Sobha | Wockhardt | Cadila Healthcare | Infibeam Corporation and Sona Koyo are stocks, which are in the news today.
On January 30, 2017 Stream Value Fund sold 16,67,076 shares of Mercator at Rs 43.04 on the BSE.
Ashwani Gujral of ashwanigujral.com recommends buying Idea Cellular, LIC Housing Finance, Mercator and Reliance Industries.
L&T | Maruti Suzuki | Geojit BNP | Gujarat Alkalies | JHS Svendgaard | SRS | Prakash Industries | Om Metal | Balrampur Chini | Kalindee Rail | Indoco Remedies | Zuari Agro | Just Dial and Bharat Electronics are stocks, which are in the news today.
Hindustan Unilever | HCL Technologies | PNB | HDFC Bank | Kotak Mahindra Bank | Bharti Airtel | Asian Paints | Manpasand Beverages | MOIL | Chennai Petroleum | L&T Infotech | Karnataka Bank | Bharti Infratel and Ashoka Buildcon are stocks, which are in the news today.
Bharti Airtel | Idea Cellular | Hindustan Zinc | IDFC | Reliance Capital | Mercator | Panacea Biotec | ICICI Prudential | ABG Shipyard | Cadila Healthcare and Capital First are stocks, which are in the news today.
TCS | Maruti Suzuki | ONGC | Bharti Airtel | NTPC | SpiceJet | Mahindra & Mahindra | Hathway Cable | Vivimed Labs | Idea Cellular | Bharat Financial Inclusion | KCP Sugar | Mahindra Lifespaces and Electrosteel Castings are stocks, which are in the news today.
Infosys | Cairn India | Biocon | Oil India | Mercater | Clariant Chemicals | MRF | Edelweiss Financial | NTPC | Bartronics | APL Apollo Tubes | Hindustan Organic Chemicals | Mahindra Holidays | Prakash Industries | Trigyn Technologies | Atlanta and BPCL are stocks, which are in the news today.
On December 28, 2016 Kotak Mahindra (International) Limited sold 81,59,363 shares of Mercator at Rs 40.90.
ICICI Bank | SBI | Central Bank of India | Bank of Baroda | Siemens | DLF | Quess Corp | UPL | IRB Infrastructure | Axis Bank | IFCI | Lanco Infratech | Jagran Prakashan | Titagarh Wagons | Maithan Alloys | DB Realty | NMDC and Jaiprakash Power are stocks, which are in the news today.
Government of Singapore bought 7,355,445 shares of Mercator at Rs 46.55 per share on the NSE and Monetary Authority of Singapore bought 2,644,555 shares at Rs 46.55 per share on the NSE.
ITC | Oil India | A2Z Infra | IRB Infra | TTML | JSW Steel | JSPL | Ajanta Pharma | Dr Reddy's Laboratories | Reliance Industries | Country Club | Talwalkars | DCM | Indo Borax | Capri Global | Smartlink | Sunil Hitech Engineers | Fortis Healthcare | MT Educare | RBL Bank and Power Grid are stocks, which are in news today.
On October 6, 2016 Government Of Singapore Corp Pvt Ltd A/C Govt Of Singapore C bought 60,85,664 shares of Mercator at Rs 46.05 and Monetary Authority Of Singapore bought 21,88,023 shares at Rs 46.05.
Rajat Bose of rajatkbose.com recommends buying United Spirits, Apollo Tyres and Mercator.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Mercator and sell Mindtree and Shanthi Gears.
In an interview with CNBC-TV18, MD & CEO Shalabh Mittal said Mercator will sustain its Q1 performance going forward with the rise in coal price boosting margins.