ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MIRC ELECTRONICS-Gains of Competition

bulk carriers which are either time charters or hired out on voyage and spot charters. The future plans of the shipping division include acquisition of another bulk carrier at an estimated cost of around $ 10 million to be funded mainly through debt and internal accruals. The company has taken delivery of an additional ship which commenced operations in September, The operations of the real estate and property development division, though low key, continued to be profitable. The division was involved in the construction of residential plots and developed and sold plots as a part of its operations during the year under review.

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