Sci

Select shares from the shipping sector, namely SCI, GRSE and Mazagon Dock are sharply higher in anticipation of further push by the government which has been increasingly looking to boost shipping and shipbuilding activities in India, both for domestic market as well as for exports.

India likely to form consortium for global port operations: Report

Indian Port Rail & Ropeway Corporation, Sagarmala Development Company and Shipping Corporation of India will be the stakeholders in Bharat Global Ltd

SCI strategic sale likely to be delayed until FY26 on lease transfer issues

The primary issue stalling the process is the transfer of lease of non-core assets from the SCI to Shipping Corporation of India Land and Assets Limited. The Mumbai collector has submitted the proposal to the state's revenue department, but the process got bogged down on extensive bureaucratic consultations, sources tell Moneycontrol.

Shipping Corp strategic sale may proceed without further delay: Govt official

The Maharashtra cabinet has already given a stamp duty exemption. The SCI building in Maharashtra is now with its demerged entity, Shipping corporation of India Land and Assets Limited.

Disinvestment of NTPC, Shipping Corporation on first 100-day agenda of govt: Sources

The government, confident of a third term, may push to sell its stake in NTPC, which is looking to bring its green energy IPO first

SCI divestment faces more hurdles as pension scheme and ongoing court case may delay process further: Sources

SCI is the midst of a court case for non-payment of medical dues to its employees. There is also no clear picture of how employees will be compensated after the demerger under the pension scheme of the company.

Shipping Corp Land and Assets listing likely within a month, says DIPAM secretary

The Maharashtra Cabinet has given stamp duty exemption on the demerger.

IDBI, SCI, other stake sales to fetch Rs 40,000 cr, help Centre near FY24 target

Planned stake sales will fall short of Rs 51,000 crore disinvestment target.

Shipping stocks surge after report says India, US to cooperate on maritime defence sector

US Secretary of Defence Lloyd James Austin III, who arrived in New Delhi for a three-day visit to India earlier on Friday, met with National Security Advisor Ajit Doval.

Shipping Corporation's real estate assets kept out of proposed privatisation

Last week, the board of Shipping Corp met and approved an updated demerger scheme for hiving off the non-core assets of SCI to Shipping Corporation of India Land and Assets Ltd (SCILAL), including Shipping House in Mumbai and MTI (Maritime Training Institute) in Powai, to complete the process of de-merging all non-core assets to the new company SCILAL.

Govt to invite financial bids for Shipping Corp of India sale by September

As part of the strategic-sale process, the government is hiving off Shipping House and the training institute in Pune and some other non-core assets of Shipping Corporation of India (SCI).

Why Indian shipping companies are not invited to the party

An Indian investor will have to watch the container shipping rally from the sidelines or play it by betting on companies who manufacture containers

Budget 2021 | Govt to go big on privatisation in FY22; FM announces details of strategic sector policy

The government has pegged the disinvestment target for FY22 at Rs 1.75 lakh crore. This will include the shedding of Centre's stake in two state-owned banks and a general insurance company, and large-scale asset sales, Finance Minister Nirmala Sitharaman said during her budget presentation.

Govt may raise Rs 30K cr from THDCIL, NEEPCO, land sale in FY20

The land and stake sale is expected to be completed by FY20-end

Privatisation | When a crisis becomes an opportunity

The government’s decision to sell BPCL, SCI and Concor indicates it is no longer diffident about privatisation

Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI

"It is encouraging to see the government take further steps to push the reforms agenda as well as address some of the critical pain points of industry.

Shipping Corp logs Rs 7 cr net loss in Q1

However, total income during April-June rose to Rs 900.87 crore, from Rs 861.73 crore in the same quarter a year ago.

Stocks in the news: Tata Motors, Voltas, Godrej Industries, MEP Infra, VST Tillers

Tata Motors | Voltas | SRF | MT Educare | SCI | Godrej Industries | MEP Infra | VST Tillers | Karnataka Bank and Entertainment Network India are stocks, which are in news today.

SCI to seek shareholders' nod for redeployment of Rs 330 cr

In a filing to BSE today, the company said it will seek shareholders' approval through postal ballots for "re-deployment of Rs 330 crore received as refund from shipyards which were originally part of the proceeds of the further public offer".

SCI Q2 net loss at Rs 20 cr

The state-owned company had posted standalone net profit of Rs 161.8 crore in the July-September quarter of the 2015-16 fiscal, Shipping Corporation of India said in a BSE filing.

Bharat Wire Ropes up 6% on SCI, Dredging Corp orders

The company has been awarded two years rate contract from Dredging Corporation of India with the option to extend for further period of one year

Fall in dry bulk asset prices, Chinese meltdown hit Q4 show: SCI

BB Sinha, CMD, SCI said SCI's liner business has faced losses due to declining freight rates which has arisen due to the China meltdown. But he says its offshore sector is doing well.

Hold Shipping Corporation; target of Rs 60: ICICIdirect

ICICIdirect.com has recommended hold rating on Shipping Corporation of India (SCI) with a target price of Rs 60, in its research report.

SCI reports Rs 18.5 cr profit in July-Sept quarter

State-run Shipping Corporation of India (SCI) today reported a standalone net profit of Rs 18.59 crore for the quarter ended September this fiscal.

Shipping Corporation Q3 net loss narrows to Rs 66 cr

Shipping Corporation posted a net loss of Rs 66 crore this quarter as against a net loss of Rs 75.26 crore in the corresponding quarter of the previous fiscal.