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 [...]
The Indian government plans to boost goods transportation via inland waterways, which currently account for only 2 percent of total freight movement. To encourage this shift, the government may offer a 35 percent subsidy for cargo owners over three years on national waterways 1, 2, and 16. This initiative aims to relocate approximately 800 million [...]
The shares of the largest shipping company gained up to 12 percent after the company’s net profit and revenue increased by 95 percent and 26 percent YoY, respectively in Q1FY25. With a market capitalization of Rs 13,228.69 crore, the shares of Shipping Corporation of India Ltd were trading at Rs 284.00 per share, increasing around [...]
The leading small-cap stock jumped 3.4 percent of Rs 137.95 to its intraday high on Friday's session from its previous close after the company announced the demerger of its non-core asset. According to the filling of Shipping Corporation of India (SCI), the company announced the Demerger of Non-Core Assets of Shipping Corporation of India Limited [...]
Shares of this small cap company were trading marginally lower after the news came that LIC had sold 2 percent stake in the company. On 11th October 2023 shares of Shipping Corporation of India Ltd closed at Rs. 146.90, marginally down from the previous closing price of Rs. 147.05 per share. Such negative sentiment was [...]
Shipping Corporation of India’s shares were in the green on Wednesday after the company announced the record date for its demerger. At 03:15 PM, the company’s shares were trading at 138.40 apiece. In an exchange filing, the company said that it has fixed March 31, 2023, as the record date for ascertaining the list of [...]
