Mercator bags ₹15.8-cr maintenance dredging contract from Mormugao Port Trust

Mercator has bagged a ₹15.8-crore maintenance dredging contract from Mormugao Port Trust (Goa). In a notification to the stock exchanges, the company said the order has to be executed in FY18. Similarly, last week it had won a ₹38.88-crore maintenance dredging contract with Director General Naval Project, Visakhapatnam. That work also has to be completed in FY18. Shares of Mercator gained 0.46 per cent at ₹43.05 on the NSE.