Mercantile Ports & Logistics Limited announced that it has secured a new multi-year contract. MPL has signed a contract (the "Contract") with Esquire Shipping and Trading Pvt. Ltd. ("ESQUIRE"), a cargo logistics solutions provider based in Mumbai; and Sai Om Petro Specialties Ltd. ("SOPSL"), a Mumbai-based company engaged in the business of bulk cargo handling. The Contract is for an initial period of ten years, extendable by a further five years and with revenue of approximately GBP 7 million over the next three-year-period. Under the Contract, ESQUIRE and SOPSL will carry out stevedoring and cargo handling services for coal and other bulk cargoes at MPL's Karanja based port and logistics facility and will utilise 200 meters of berth and approximately 12 acres of land for handling and storage. MPL also announced recently that it has negotiated and executed successfully a re-structured debt facility with its consortium of banks, underscoring the banks' confidence in the financial performance of the facility, including its pipeline of future customers.