Shipping Corporation of India
228.67
+0.25(+0.11%)
Market Cap₹- Cr
PE Ratio-
Company Performance:
1D+0.11%
1M-8.61%
6M+9.33%
1Y-3.75%
5Y+254.25%
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More news about Shipping Corporation of India
24Oct 25
Government Likely to Pause Shipping Corporation of India Privatisation Amid Global Trade Shifts
The Indian government is reportedly considering halting plans to privatize Shipping Corporation of India (SCI). This shift is driven by the need to handle global shipping route disruptions and reduce dependence on foreign vessels. SCI's Board has approved a Long-Term Business Plan, indicating steps to solidify future operations. The potential pause in privatization could enhance national security, improve trade resilience, align with self-reliance initiatives, and affect SCI's market position.
15Oct 25
Shipping Corporation of India Appoints Rear Admiral Jaswinder Singh as Director (BC&T) on Additional Charge
Shipping Corporation of India (SCI) has appointed Rear Admiral Jaswinder Singh as Director (Bulk Carrier & Tanker) on an additional charge basis. Singh, currently serving as Director (Liner & Passenger Services), will hold this position from October 1, 2025 to December 31, 2025. With over 35 years of maritime experience, Singh has served in the Indian Navy and Coast Guard, and joined SCI in 2023. He holds key positions in related organizations and has received the Nau Sena Medal for his distinguished naval service.
15Oct 25
SCI Charts Course for Ambitious Expansion Amid Government Efforts to Stabilize Freight Rates
Shipping Corporation of India (SCI) is embarking on a significant expansion plan, as announced by the Shipping Secretary. The government is also working to stabilize freight rates, involving SCI in the process. Additionally, SCI has received waivers for regulatory fines from both NSE and BSE for past compliance delays, covering multiple quarters and regulations.
10Oct 25
Government Plans Investment in Shipping Corporation of India to Boost Fleet Capabilities
The Indian government plans to invest in Shipping Corporation of India (SCI) to enhance its fleet capabilities. This strategic move aims to modernize and expand SCI's fleet, improve operational efficiency, and strengthen its position in the maritime industry. The investment aligns with India's broader objectives to boost shipping capacity and enhance its role in global maritime trade.
22Sept 25
Shipping Corporation of India Inks MoU with Oil PSUs for Joint Fleet Operations
Shipping Corporation of India (SCI) has signed a Memorandum of Understanding with Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Indian Oil Corporation Limited (IOCL) to jointly operate a fleet of vessels. This collaboration aims to enhance India's energy security and support the Atmanirbhar Bharat initiative. The partnership is expected to ensure reliable transportation of oil and petroleum products, potentially reduce dependence on foreign shipping companies, and lead to operational efficiencies and cost savings.
20Sept 25
Shipping Corporation of India Forges Strategic Alliance with Oil PSUs for Fleet Expansion
Shipping Corporation of India (SCI) has signed an MoU with BPCL, HPCL, and IOCL to jointly acquire, own, operate, and manage vessels for international trade and coastal transport. The collaboration focuses on transporting petroleum, petroleum products, petrochemicals, and other hydrocarbon cargoes. This partnership, initiated by MoPSW and MoPNG, aims to enhance India's maritime capabilities and energy security, aligning with the Atmanirbhar Bharat vision. The strategic alliance is expected to strengthen India's shipping sector and reduce dependence on foreign vessels for energy transportation.
10Sept 25
Shipping Corporation of India Expands Fleet with Acquisition of VLGC 'Shivalik'
Shipping Corporation of India (SCI) has acquired a secondhand Very Large Gas Carrier (VLGC) named 'Shivalik', expanding its fleet capacity in the gas transportation segment. The vessel, with a deadweight tonnage of 54,534.00 MT and gross tonnage of 47,058.00, was officially delivered on September 10, 2025. This acquisition aligns with SCI's previously announced fleet expansion plans and is expected to enhance the company's capabilities in transporting liquefied gases.
06Sept 25
Shipping Corporation of India Appoints Sanjay Kumar as Part-time Official Director
Shipping Corporation of India Ltd (SCI) has appointed Sanjay Kumar, an IAS officer from the 1992 batch, as a Part-time Official Director on its Board. Kumar currently serves as Additional Secretary & Financial Advisor at the Ministry of Shipping. He brings extensive experience in public administration, including roles in finance, industries and commerce, elections, and school education. Kumar holds an MBA degree and is a qualified ICWA.
18Aug 25
Shipping Sector Eyes Infrastructure Status for Improved Funding Access
The Indian shipping industry is reportedly being considered for infrastructure status, which could significantly improve funding access and financial conditions for shipping companies. This potential reclassification may lead to easier loan access, lower borrowing costs, and longer-term financing options for the sector. While specific companies aren't named, the entire industry, including potentially listed firms, could benefit from this policy shift if implemented. The move would reflect the government's recognition of the shipping sector's importance to India's economic infrastructure and global trade.
08Aug 25
SCI Divests Crude Oil Tanker M.T. Maharshi Parashuram in Strategic Move
Shipping Corporation of India (SCI) sold its crude oil tanker M.T. Maharshi Parashuram on August 8, 2025, at Colombo Anchorage, Sri Lanka. The sale was completed on an 'as is where is what is basis' and 'no complaint basis'. Physical handover occurred at 2100 hours IST. While specific financial terms were not disclosed, this move is part of SCI's fleet management strategy. Despite a 13.09% decrease in revenue from operations, SCI reported a 21.51% increase in profit for Q1 FY2026 compared to Q1 FY2025.
06Aug 25
Lok Sabha Approves Merchant Shipping Bill: Potential Impact on Shipping Corporation of India
The Lok Sabha has approved the Merchant Shipping Bill, signaling significant changes for India's shipping industry. This legislation could affect Shipping Corporation of India (SCI) in areas such as regulatory compliance, operational efficiency, safety standards, and market competitiveness. The bill aims to modernize the maritime sector, potentially influencing trade dynamics and India's global maritime position.
06Aug 25
Shipping Corporation of India Land and Assets Reports 19% Growth in Q1 Net Profit
Shipping Corporation of India Land and Assets has reported a net profit of 143.00 million rupees for the first quarter, up from 120.00 million rupees in the same period last year. This represents a 19.17% year-over-year increase, demonstrating strong financial performance amid challenging market conditions. The company's growth in net profit suggests effective navigation of the shipping and real estate markets, potentially boosting investor confidence.
28Jul 25
Shipping Corporation of India Appoints New Government Director, R. Lakshmanan Steps Down
Shipping Corporation of India Limited (SCI) has appointed Shri Venkatesapathy S., Joint Secretary (Shipping) at the Ministry of Ports, Shipping and Waterways, as the new Government Director. Simultaneously, Shri R. Lakshmanan, Joint Secretary (Ports), has stepped down from his role as Part-time Director (Government Nominee Director). The changes were approved on July 28, with SCI currently completing necessary statutory formalities for the new appointment.
22Jul 25
Shipping Corporation of India's Finance Director Terminated, ACC Approves
The Appointments Committee of the Cabinet (ACC) has approved the premature termination of C.L. Acharya as Director (Finance) at Shipping Corporation of India Limited (SCI). The termination is effective from May 5, 2025, with the ACC's approval communicated on July 21, 2025. SCI officially notified stock exchanges of this decision on July 21, 2025, at 16:30 hours, in compliance with SEBI regulations.
16Jul 25
SCI Land And Assets Secures Stamp Duty Exemption for Demerger Plan
SCI Land And Assets, a subsidiary of Shipping Corporation of India (SCI), has obtained approval from the Maharashtra Government for stamp duty exemption on its demerger plan. The exemption applies to the separation of non-core assets from SCI into Shipping Corporation of India Land and Assets Limited. This approval, granted under Section 32(1)(a)(b) of the Maharashtra Stamp Act, is based on a government notification dated 12.10.2023. The exemption certificate was issued by the Office of the Collector of Stamps, Enforcement – 1 on 16.09.2024.
07Jul 25
Shipping Corp of India to Expand Fleet with Two Very Large Gas Carriers
Shipping Corporation of India (SCI) has signed a Memorandum of Agreement to acquire two Very Large Gas Carriers (VLGCs), each with a capacity of 82,000 cubic meters. The vessels are expected to be inducted into SCI's fleet in FY 2025-26. This strategic move aims to expand SCI's presence in the gas transportation sector, particularly for LPG and ammonia markets. The acquisition will increase SCI's operational flexibility and competitiveness in the international gas shipping market.
04Jul 25
Shipping Corp of India to Expand Fleet with Two Large Gas Carriers
Shipping Corporation of India (SCI) has signed an agreement to acquire two large gas carriers, each with a capacity of 82,000 CBM. The vessels are expected to be delivered in fiscal year 2025-26. This acquisition aims to expand SCI's fleet, increase its gas transportation capabilities, and strengthen its position in the global gas transportation market. The move is part of SCI's strategy to modernize its fleet and prepare for future market demands in the energy transportation sector.
19May 25
Shipping Corporation of India Reports Mixed Q4 Results, Announces Dividend
Shipping Corporation of India (SCI) released Q4 financial results showing a 39.77% year-over-year decline in net profit to ₹185.10 crore, but a 145.17% increase quarter-over-quarter. Revenue decreased by 7.35% to ₹1,413.40 crore. The company maintained a healthy operating profit margin of 27.52%. For FY 2023-24, SCI reported a 21.97% decrease in net profit to ₹679.00 crore. Despite challenges, SCI announced a dividend of ₹6.59 per equity share for the fiscal year.
16May 25
Shipping Corporation of India: Q4 Profit Plunges 40%, Revenue Dips 6.2%
Shipping Corporation of India (SCI) has released its quarterly results, showing significant declines in key financial metrics. Consolidated revenue decreased by 6.2% to ₹1,325.00 crore, while net profit fell by 40% to ₹185.00 crore compared to the previous year. EBITDA decreased by 10% to ₹364.60 crore, with the EBITDA margin narrowing to 27.50%. Despite these challenges, SCI's board has recommended a dividend of ₹6.59 per equity share.
16May 25
Shipping Corporation of India Shares Surge 10% Ahead of Board Meeting
Shipping Corporation of India (SCI) shares jumped over 10% intraday to ₹190.50 as investors anticipate the upcoming board meeting on May 16. The meeting agenda includes approval of Q4 and FY financial results and consideration of a final dividend. SCI has implemented a trading window closure until 48 hours after the results declaration to prevent insider trading.
15May 25
Shipping Corporation of India to Announce Q4 Results, Consider Dividend on May 16
Shipping Corporation of India (SCI) will disclose its Q4 and FY 2025 financial results on May 16, 2025. The board will consider recommending a final dividend during the meeting. As a regulatory measure, the trading window for company securities has been closed from April 1, 2025, until 48 hours after the results announcement.
16Apr 25
Shipping Corporation of India Receives ₹157.27 Crore Income Tax Refund, Appoints New Directors
Shipping Corporation of India (SCI) has received a ₹157.27 crore income tax refund, including ₹78.00 crore in interest, following an ITAT order for the 2007-08 financial year. The company also announced board changes, appointing Shri Satish Kumar Chawla and Dr. Priyasheel Hada as new Non-official Directors, and re-appointing Shri Gulabbhai Rohit, effective April 11, 2025, for a one-year term.
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