Shipping Corporation of India (SCI) has successfully expanded its fleet capacity in the gas transportation segment with the acquisition of a secondhand Very Large Gas Carrier (VLGC) named 'Shivalik'. The company officially took delivery of the vessel on September 10, 2025, marking a significant addition to its maritime assets.

Vessel Specifications

The newly acquired 'Shivalik' boasts impressive specifications:

Acquisition Details

According to the company's official announcement to the stock exchanges:

• The Protocol of Delivery & Acceptance was signed at 13:30 hours (IST) on September 10, 2025.
• This acquisition follows an earlier intimation by the company dated July 4, 2025, indicating a planned expansion of its fleet.

Strategic Implications

This latest addition to SCI's fleet underscores the company's commitment to strengthening its position in the gas transportation market. The acquisition of 'Shivalik' is expected to enhance SCI's capabilities in transporting liquefied gases, potentially opening up new business opportunities and routes for the company.

Regulatory Compliance

The company has duly informed the stock exchanges about this significant development, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept abreast of material changes in the company's asset portfolio.

Market Impact

While the financial terms of the acquisition were not disclosed in the immediate announcement, the addition of a VLGC to SCI's fleet is likely to be viewed positively by the market. It reflects the company's proactive approach to fleet modernization and capacity expansion in the specialized segment of gas transportation.

The acquisition of 'Shivalik' represents a strategic move by Shipping Corporation of India to capitalize on the growing demand for gas transportation services globally. As the company continues to expand its fleet, it positions itself to better serve its clients and potentially improve its market share in the competitive shipping industry.

Shipping Corporation of India Ltd (SCI) has announced the appointment of Sanjay Kumar as a Part-time Official Director on its Board. Kumar, an Indian Administrative Service (IAS) officer from the 1992 batch, brings a wealth of experience in public administration and policy-making to his new role.

Key Details of the Appointment

• Name: Sanjay Kumar
• Position: Part-time Official Director
• Organization: Shipping Corporation of India Ltd (SCI)
• Director Identification Number: 08683335

About Sanjay Kumar

Sanjay Kumar currently serves as Additional Secretary & Financial Advisor at the Ministry of Shipping, a position that aligns closely with his new role at SCI. His extensive background in government administration includes:

• Previous Role: Joint Secretary at the Department of School Education & Literacy, Ministry of Human Resource Development
• Oversight Experience: Managed government institutions such as KVS, NVS, CBSE, NIOS, CTSA, NCERT, and NCTE
• Diverse Expertise: Held senior positions across Central and State Government, focusing on:
  • Finance
  • Industries and Commerce
  • Elections
  • District Administration
  • Economic Policies
  • School Education

Educational Background

Kumar's educational qualifications further enhance his profile for this position:

• Holds an MBA degree
• Qualified as an ICWA (Institute of Cost and Works Accountants)

The appointment of Sanjay Kumar as a Part-time Official Director is expected to bring valuable insights to the SCI Board, given his extensive experience in public administration and his current role in the Ministry of Shipping. His diverse background in finance, economic policies, and administration could potentially contribute to strategic decision-making at SCI.

As a government-appointed director, Kumar's role will likely involve ensuring alignment between SCI's operations and broader government policies related to shipping and maritime affairs. His appointment underscores the importance of maintaining strong ties between state-owned enterprises and relevant government ministries.