Business Standard

Tuesday, January 21, 2025 | 05:47 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sci

SCI soars 8% on near 3-fold jump in Q4 net

The shipping major reported a 183.9 per cent jump in Q4FY23 net profit to Rs 359.83 crore when compared with Rs 126.74 crore in Q4FY22

SCI soars 8% on near 3-fold jump in Q4 net
Updated On : 10 May 2023 | 9:55 AM IST

Shipping Corp Q2 net dips 49% to Rs 124 cr, expenses rise to Rs 1,336 cr

Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a 48.81 per cent decline in its consolidated net profit to Rs 124 crore for the second quarter ended September 30, 2022. The shipping company had reported a net profit of Rs 243 crore in the corresponding quarter of the previous fiscal, it said in a regulatory filing to the BSE. SCI's total income rose to Rs 1,458 crore during the quarter under review from Rs 1,296 crore in the year-ago period. Total expenses also increased to Rs 1,336 crore from Rs 997 crore earlier. SCI said the shareholders of the company have approved dividend of Rs 0.33 per equity share of face value Rs 10 each. It said the proposed strategic disinvestment of SCI is being handled by the Department of Investment and Public Asset Management (DIPAM) with the engagement of necessary advisors. SCI is the largest Indian shipping company and the only Indian firm engaged in transportation of LNG.

Shipping Corp Q2 net dips 49% to Rs 124 cr, expenses rise to Rs 1,336 cr
Updated On : 04 Nov 2022 | 7:55 PM IST

Shipping Corp board approves changes in demerger scheme for non-core assets

State-owned Shipping Corporation of India on Monday said its board has approved certain modifications in the scheme of arrangement for demerger of the company's non-core assets

Shipping Corp board approves changes in demerger scheme for non-core assets
Updated On : 09 May 2022 | 8:30 PM IST

Non-core asset demerger likely to delay Shipping Corp and BEML sale

In the scheme for demerger of non-core assets announced by SCI, certain changes, including extra surplus cash, had to be approved, the official said

Non-core asset demerger likely to delay Shipping Corp and BEML sale
Updated On : 09 May 2022 | 6:08 AM IST

Govt to invite bids for SCI by Sept; Shipping House, MTI to be hived off

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).

Govt to invite bids for SCI by Sept; Shipping House, MTI to be hived off
Updated On : 08 May 2022 | 2:45 PM IST

Timeline for mandatory use of Indian flag on SCI vessels may be shortened

Tax implication of bearing the flag has been a sticking point for suitors

Timeline for mandatory use of Indian flag on SCI vessels may be shortened
Updated On : 16 Oct 2021 | 6:02 AM IST

Govt will finish Air India, BPCL privatisation this fiscal: DIPAM Secretary

Shipping Corporation of India, Pawan Hans, Nilanchal Ispat Nigam among targets: Tuhin Kanta Pandey.

Govt will finish Air India, BPCL privatisation this fiscal: DIPAM Secretary
Updated On : 11 Aug 2021 | 12:22 PM IST

Coronavirus outbreak: Crashing freights to hit India's shipping business

SCI reported consolidated net sales of Rs 1,25,761 crore in December quarter, up 17 per cent over the same period last year

Coronavirus outbreak: Crashing freights to hit India's shipping business
Updated On : 08 Feb 2020 | 3:04 AM IST

Anoop K Sharma new CMD of Shipping Corporation

He takes charge with effect from September 12, 2016 for a period of three years

Anoop K Sharma new CMD of Shipping Corporation
Updated On : 12 Sep 2016 | 3:18 PM IST

GE Shipping, SCI on asset-buying spree

Dry bulk carrier prices at 30-year low in prolonged shipping downturn

GE Shipping, SCI on asset-buying spree
Updated On : 30 Aug 2016 | 1:18 AM IST