Business - Briefly   

Mercator set to win shipping deal from MRPL

BANGALORE: Mercator Lines Limited (MLL) is set to win a Rs. 300 crore contract from Mangalore Refinery and Petrochemicals Limited (MRPL) for shipping 8.5 million tonnes of crude oil from the Persian Gulf to its refinery located in Mangalore. The deal entails moving 6-8 parcels a month (90,000 tonnes per parcel) from April 2006 to March 2007 at a World Scale rate of 137.50 that translates into $60-65 million (around Rs. 300 crore). "The deal is subject to approval from the board of MRPL, a subsidiary of ONGC Ltd," MRPL sources said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Industry wants tax breaks to infrastructure restored
ADAG to increase stake in Reliance Natural
BMW's Chennai plant by early 2007
Grandix to invest in expansion and R&D
Indian firm taps China's appetite for green energy
Deutsche Boerse plans talks with Euronext for merger; no more interested in LSE
ABB plans 2 new units
HP launches gesture-based keyboard
Goan food fete at Kovalam
Aptech to expand operations
'Make Kochi port a strong brand'
Exchange rates
Bullion rates
Godrej Industries to sell food business
Online human resource forum
Intex spring-summer show
StanChart refunds FPO money through ECS
Royal Sundaram, BASIX announce new initiatives
Mediaware launches Creatives Library
Chambal Fertilisers' pact with Oriental Maritime
Karrox Technologies opens centre
Corporation Bank ties up with Prudential ICICI AMC
MindTree launches competency centre
Mercator set to win shipping deal from MRPL
Barista Coffee opens outlet in Kochi
Haridraa Ayurveda centre at Tripunithura
IOC instals condom vending machines
Mother Dairy reduces ice cream prices

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu