Shipping Corporation of India Limited has issued a formal clarification to BSE Limited regarding recent media reports about launching a container shipping line collaboration. The response comes after the stock exchange sought verification following a significant price movement in the company's shares.

Stock Price Movement and BSE Query

The BSE query was triggered by news reports published on the Economic Times website on January 25, 2026, titled "State-run cos to launch container shipping line." Following these reports, SCI's stock price experienced notable movement on January 27, 2026.

Previous Board Approval for Business Collaborations

In its response dated January 27, 2026, SCI referenced a previous intimation made to stock exchanges under Regulation 30 on July 24, 2024. The company clarified that its Board of Directors had already approved exploring business partnerships during their meeting on that date.

The key points from the July 2024 board decision include:

• Board agreed in principle for SCI to explore business collaborations
• Partnerships to be considered with Central Enterprises, State Enterprises, and Private Entities
• Company committed to obtaining necessary approvals from competent authorities
• Material developments to be reported to stock exchanges as required

Regulatory Compliance and Future Disclosures

SCI emphasized its commitment to regulatory compliance and transparent communication with stakeholders. The company stated that it has disclosed all required events and information as mandated under SEBI regulations.

The company assured that once the referred project reaches the desired stage, it will duly inform stock exchanges of exact developments. SCI reiterated its commitment to disseminating all material information in a timely manner as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Response Framework

The clarification was signed by Company Secretary and Compliance Officer Smt. Swapnita Vikas Yadav, demonstrating the company's formal approach to addressing market queries. SCI emphasized that it follows a consistent corporate governance policy to communicate all events that have a bearing on company operations and performance, including price-sensitive information.

The response indicates that while the company remains open to exploring business collaborations as previously announced, no specific developments have occurred beyond the July 2024 board approval that would warrant additional disclosure at this time.

Solar Energy Corporation of India (SECI) has successfully concluded its Tranche XXI auction, awarding contracts for 1,200 MW of interstate transmission system (ISTS)-connected solar projects integrated with 600 MW/3,600 MWh energy storage systems (ESS) to four companies. The tender, which was floated in June 2025, attracted competitive bids with tariffs ranging between ₹3.12 and ₹3.13 per kWh.

Auction Results and Winners

The auction results demonstrate strong participation from established renewable energy players, with capacity allocation varying significantly among winners.

NLC India Renewables emerged as the largest winner, securing 600 MW capacity, while Oriana Power won 100 MW under the bucket-filling method despite quoting for 300 MW.

Project Requirements and Specifications

The awarded projects come with comprehensive technical and operational requirements designed to ensure reliable power delivery during peak demand periods. Each project must be co-located with energy storage systems, with the ESS physically situated at the solar project sites. The minimum ESS requirement is set at 0.5 MW/3 MWh for each 1 MW of project capacity.

Key Technical Parameters

The projects must maintain an annual capacity utilization factor between 19% and 30%, with the buying entity purchasing power for 6 hours during peak hours from 6 PM to 9 AM of the subsequent day.

Operational Flexibility and Compliance

Winners have been granted significant operational flexibility while maintaining strict compliance requirements. The ESS technology can be changed at any time during the power purchase agreement period, and projects can be set up with any storage technology in any location in India, provided ISTS connectivity is ensured.

The projects must use modules meeting domestic content requirements and adhere to the Approved List of Models and Manufacturers. Winners can supply up to 5% of their annual energy from power exchanges and bilateral agreements, providing additional revenue optimization opportunities.

Industry Context

This auction follows SECI's continued focus on solar-plus-storage projects, building on the success of previous tenders. In October 2025, eleven companies won SECI's Tranche XX auction to set up 2 GW of ISTS-connected solar projects along with 1 GW/4 GWh ESS, indicating strong market momentum for integrated renewable energy solutions.

The competitive tariffs achieved in this auction reflect the maturing solar-plus-storage market in India and the increasing cost-effectiveness of energy storage technologies. The projects are expected to contribute significantly to India's renewable energy capacity and grid stability objectives.

Source: https://www.mercomindia.com/engie-nlc-india-rays-power-among-winners-of-secis-1-2-gw-solar-plus-3-6-gwh-storage-auction