We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mercantile Ports & Logistics Limited | LSE:MPL | London | Ordinary Share | GG00BKSH7R87 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.175 | -9.72% | 1.625 | 1.60 | 1.65 | 1.80 | 1.625 | 1.80 | 290,751 | 12:43:49 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMMPL
RNS Number : 4462V
Mercantile Ports & Logistics Ltd
03 November 2017
3 November, 2017
Mercantile Ports & Logistics Limited
("MPL" or the "Company")
Project update
Mercantile Ports & Logistics Limited ("MPL") is pleased to announce that it has reached a key milestone as it develops its modern port and logistics facility in Mumbai, India. MPL can confirm that it has now driven the last of the 248 piles required for the 400 meters of jetty, which will enable 800 meters of quay length to be operated once deck slabs for the entire length are laid.
The Company also reports that 160 meters of jetty deck slabs have now been fabricated and laid. After a stuttering end to the monsoon, the site is now dry and reclamation work is expected to recommence shortly after removal of revetment, which is in progress. In the meantime, the Company is pleased to report the achievement of the important piling milestone and the Company is working hard alongside its main contractor to enable the facility to commence operations by the end of the year.
Executive Chairman Nikhil Gandhi said,
"MPL is focused on reaching the operational phase of its port facility in Mumbai so that we are in a position to capitalise upon the demand to use the port that we know is there. We believe that the completed facility will be well aligned with the Government of India's initiative to promote coastal and in-land waterways movement of cargo. It echoes the recent statement from the Prime Minister, Narendra Modi, who said that his government has been given a new mantra "P for P", referring to Ports for Prosperity."
Enquiries:
MPL Pavan Bakhshi/Jay Mehta
C/O Redleaf Communications
+44 (0) 20 382 4769
Cenkos Securities plc Stephen Keys/Camilla Hume (Nomad and Broker) +44 (0) 20 7397 8926 Redleaf PR Charlie Geller/Fiona Norman (Financial PR) +44 (0) 20 7382 4769
MPL@redleafpr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDLLFFRLVLFIID
(END) Dow Jones Newswires
November 03, 2017 03:00 ET (07:00 GMT)
1 Year Mercantile Ports & Logis... Chart |
1 Month Mercantile Ports & Logis... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
