TheShipping Corporation of India(SCI) is apublic sector undertakingthat operates and manages vessels servicing both national and international lines. It is under the ownership of theGovernment of Indiaand under administrative control of theMinistry of Ports, Shipping and Waterways,with its headquarters inMumbai.[5]
 | |
| Company type | Public |
|---|---|
| BSE:523598 NSE:SCI | |
| Industry | Shipping |
| Founded | 2 October 1961inMumbai |
| Headquarters | Mumbai |
Key people | Binesh Kumar Tyagi(Chairman&MD) |
| Revenue |  ₹5,098.59 crore(US$610 million) (2022)[1] |
| ₹809.26 crore(US$97 million) (2022)[1] | |
| Total assets | ₹13,855.06 crore(US$1.7 billion) (2022)[1] |
| Total equity | ₹8,699.64 crore(US$1.0 billion) (2022)[1] |
| Owner | Government of India(63.75%)[2][3] |
Number of employees | 554 (Jan 2022)[4] |
| Website | shipindia |
History
edit
SCI was established on 2 October 1961 by theamalgamationof Eastern Shipping Corporation and Western Shipping Corporation. Two more shipping companies, Jayanti Shipping Company and Mogul Lines Limited, were merged with SCI in 1973 and 1986 respectively.[6]
SCI started out with 19vessels.It gradually metamorphosed into aconglomeratehaving 80 ships of 59lakh(5.9 million) tonnes deadweight (DWT) with interests in different segments of the shipping trade.
Inland & Coastal Shipping Ltd. (ICSL), SCI's wholly owned subsidiary was incorporated in 2016 after Maritime India summit for undertaking/providing transport services through Inland waterways and coastal shipping.
On 21 November 2019, theGovernment of Indiaapproved the privatisation of SCI.[7]In 2022, the privatisation was delayed by theRusso-Ukraine war.[8]
Services
edit- Cruise liner and Passenger services
- Bulk carrier and tanker services
- Offshore services
Major clients
editSee also
edit
References
edit- ^abcd"Balance Sheet 31.03.2022".
- ^"Latest Shareholding Pattern - Shipping Corporation of India Ltd".trendlyne.Retrieved29 July2020.
- ^Paris, Costas (10 March 2021)."India's Top Shipping Company Set to Kick Off Privatization Push".Wall Street Journal– via wsj.
- ^https:// shipindia /pdf/performance/SCI_Annual_Report_21-22_Revised1.pdf[bare URL PDF]
- ^"Contact Us - Registered Office: Shipping House".Archived fromthe originalon 10 December 2008.
- ^"About us: Shipping Corporation of India".Archived fromthe originalon 15 December 2009.
- ^Arup Roychoudhury (21 November 2019)."Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs | Business Standard News".Business Standard.Retrieved13 May2020.
- ^Saxena, Ragini; Amin, Haslinda; Salamat, Rishaad (8 March 2022)."Ukraine war a roadblock for SCI privatisation".The Economic Times.Retrieved7 May2022.