Shipping stocks rally after budget push for maritime sector

Shipping Corp, Essar Shipping and Dredging Corp gain up to 9.3% after ship-repair ecosystem and seaplane incentives announcement.

Moneycontrol News

February 01, 2026 / 11:42 IST

markets

Shares of India’s shipping companies moved higher after the finance minister announced the development of a ship-repair ecosystem and incentives for seaplanes in the annual budget.

Following the announcement, Shipping Corporation of India rose as much as 4.3 percent, while Essar Shipping surged 9.2 percent. Dredging Corporation of India jumped 9.3 percent in intraday trade. (More to come)

Moneycontrol News

first published: Feb 1, 2026 11:42 am

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