The Indian government announced two major capacity expansion projects at Kandla Port, which is situated in Kutch, Gujarat with a combined investment of over Rs. 57,000 crore, which is aimed at boosting India’s maritime capabilities under the “Make in India, Make for the World” vision. The first project is Rs. 30,000 crore for a Mega Shipbuilding Facility that will produce Very Large Crude Carriers (VLCCs) and repair ships while creating significant employment and trade opportunities. The second project involves a Rs. 27,000 crore cargo terminal while adding 135 MTPA capacity. These initiatives will improve operational efficiency, reduce vessel turnaround time, and support economic growth which is in line with India’s ambitions.
Listed below are some of the stocks that might benefit from the government announcement of over Rs. 57,000 crore investment to boost capacity at Kandla Port
Dredging Corporation of India
Dredging Corporation of India Limited (DCI) which specializes in providing integrated dredging services primarily for Indian seaports, holds a market share of over 80 percent in maintenance dredging. The company was established in 1976, and they focus on capital dredging, beach nourishment, and land reclamation, utilizing a modern fleet to enhance maritime infrastructure and support national development initiatives.
With a market capitalization of Rs. 2,234.96 Crores, the shares of Dredging Corporation of India Limited were trading at Rs. 798.20 per equity share, down 1.38 percent from its previous day’s close price of Rs. 809.35.
Its Revenue from operations grew by 3.03 percent from Rs. 198 Crores in Q2FY24 to Rs. 204 Crores in Q2FY25, accompanied by profits of Rs. 17 Crores to a loss of Rs. 34 Crores.
Shipping Corporation of India
The Shipping Corporation of India (SCI) was established in 1961. It is a public sector enterprise under the Government of India, managing a diverse fleet of approximately 80 vessels. SCI operates in bulk carriers, tankers, and liner services, catering to both domestic and international shipping needs while promoting EXIM trade. Their business model focuses on providing reliable, cost-effective maritime logistics and expanding into offshore services and joint ventures for sustainable growth.
With a market capitalization of Rs. 9,385.85 Crores, the shares of Shipping Corporation of India Limited were trading at Rs. 201.50 per equity share, down 2.14 percent from its previous day’s close price of Rs. 208.95.
Its Revenue from operations grew by 32.75 percent from Rs. 1,093 Crores in Q2FY24 to Rs. 1,451 Crores in Q2FY25, accompanied by a profit of Rs. 66 Crores to Rs. 291 Crores.
Container Corporation of India
Container Corporation of India Limited (CONCOR) is a leading public sector enterprise in India, established in 1988, specializing in intermodal logistics and container handling. Its business model focuses on operating a vast network of inland container depots (ICDs) and container freight stations (CFSs), facilitating efficient cargo transport via rail and road. CONCOR offers value-added services such as warehousing, customs clearance, and door-to-door delivery, promoting containerization and enhancing supply chain efficiency across domestic and international markets. The company aims to leverage technology for sustainable growth while contributing significantly to India’s logistics infrastructure.
With a market capitalization of Rs. 45,492.96 Crores, the shares of Container Corporation of India Limited were trading at Rs. 746.65 per equity share, down 1.49 percent from its previous day’s close price of Rs. 757.95.
Its Revenue from operations increased by 4.23 percent from Rs. 2,195 Crores in Q2FY24 to Rs. 2,288 Crores in Q2FY25, accompanied by profits of Rs. 368 Crores to Rs. 366 Crores.
Written by Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
