Page 3 - Shipping Corporation Of India

Fear of unknown grips govt's privatisation plan with second Covid wave

Despite the uncertainty and unpredictability on how things will unfold, Centre is hopeful of completing transactions listed in Budget with a delay of one to two months

Foresight Group eyeing Shipping Corporation of India for its LNG business

The group, in a consortium with Belgium's Exmar NV and Dubai-based GMS, is a preliminary bidder for the national carrier as govt looks to privatise SCI by selling 63.75% stake

Sensex gains for 2nd day; ends 447 pts up at 50,297; auto, IT stocks rally

Broader markets outperformed the benchmark indices, highlighting underlying strength in the market. The S&P BSE MidCap and SmallCap indices ended 1.55 per cent & 1.6 per cent higher, respectively

Shipping Corp surges 19% as govt gets multiple bids for privatisation

DIPAM, in December, had invited EoI for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India

Govt gets multiple bids for Shipping Corporation of India privatisation

The last date for submitting the bids was February 13, which was later extended to March 1

Govt's divestment plan for Shipping Corp is not going to be easy sailing

An asymmetric tax policy and the Navaratna's own fleet quality could make potential buyers wary

Govt invites bids for sale of its 63.75% stake in Shipping Corporation

Non core assets of the company are being hived off and will not be a part of the sale

Top headlines: Govt moves to privatise shipping firm; a new unicorn is born

Business Standard bring you top news of the evening

Indian govt invites bids to sell its 63.75% stake in Shipping Corporation

The Indian government invited bids to sell its 63.75% stake in Shipping Corporation of India to a private investor, in a key asset sale that was delayed due to the coronavirus pandemic

Sensex cracks 1,407 pts as Covid-19 fears resurface; Nifty holds 13,300

InterGlobe Aviation and SpiceJet sunk up to 10 per cent on the BSE after India suspended flights from the UK till December 31

Shipping Corp up 7% on report govt may invite EoIs for divestment this week

The government is likely to invite bids this week for the privatisation of the SCI, with buyers getting time till mid-February to submit their EoIs, according to a report

Govt may invite expressions of interest for Shipping Corporation this week

The government is planning to sell its entire 63.75 per cent stake in Shipping Corporation, along with transfer of management control

Panel on divestment approves privatisation of Shipping Corporation

The Core Group of Secretaries on Divestment (CGD), in its meeting on Monday, approved the conditions for privatising the government-owned company that owns a fleet of bulk carriers, crude oil tankers,

Core secretary panel set to take up Shipping Corporation disinvestment

Market capitalisation of the company stood at Rs 3,910 crore as of December 11

Shipping Corporation of India posts net profit of Rs 142 in Sept quarter

The shipping company had reported a net loss of Rs 40.91 crore in the corresponding quarter of previous fiscal, it said in a regulatory filing to the BSE

Shipping Corporation jumps 9% on Rs 317 crore profit in June quarter

The operational revenue of the Mumbai-based company jumped to Rs 1,143.46 crore during the first quarter of FY21 from Rs 918.95 crore a year earlier

Covid-19: Govt unlikely to meet Rs 2.1 trillion divestment target for FY21

With ambitious FY21 target of Rs 2.1 trn unlikely to be met, govt to push through LIC IPO, privatisation of BPCL or Concor

Shipping Corporation Q4 net profit jumps 83%, income surges to Rs 1,392 cr

Total expenses were higher at Rs 1,284.35 crore during the quarter as against Rs 1,031.48 crore a year ago

Covid-19 impact: Tanker rates boom as demand for oil storage surges

Vessel charges jump up to seven times to $160,000-170,000 per day since February

ONGC gets cracking at Panna-Mukta field, saves Rs 1 cr in shipping costs

Sources in the know said the company will lay a small undersea pipeline soon to completely do away with the requirement of hiring ships for transporting oil to land.