Looking for Equity finance of INR 1Cr in Vasco Ore Carriers

By SunilShankar
Posted On: 09 / Nov / 2021
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Deal Details

Annual

Deal Type

Debt Finance
Maximum Loan

Industry

Transportation
Charge

Deal Status

Active

Deal Description

Vasco Ore Carriers has been in operation since 1995 and is a company which owns barges involved in the transportation of ore from mines to the bulk shipping carriers. Currently has 2 barges under its operation namely MV Shakti (MRH 609) & MV Bhakti (MRH 595). Since 2012, there has been a scaled down demand for mining operations due to environmental measures enforced by the Government of Goa, where these barges are located. The Government of Goa is now intending to open up the mining operations and for which it is important that Vasco Ore Carriers that they have the barges overhauled, repaired ,up and running. (Please see link below) The requirement is for INR 1 crore and a basic summary of P/L is attached and the working capital break up is provided. Vasco Ore Carriers is looking forward for supporting their working capital requirements. Thank you. Sunil Shankar https://www.hindustantimes.com/india-news/goa-govt-signs-mou-with-mineral-corp-to-take-stock-of-iron-ore-101626752314412.html

No Files Attached

Deal Value
₹ 1 Crore
Targeted Region
Americas

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed
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