Shipping Corporation of India (SCI), which saw a 59% dip in net profit last year due to the economic meltdown, clocked 432 crore net profit in six months this year. SCI’s follow-on offer aims to raise Rs.1, 184 crore, making it the sixth big-ticket disinvestment by the government in the current financial year.
With global trade expected to increase by 44% by 2020, total traffic in Indian ports to grow to 877 MT by 2012 and to 962 MT by 2014, coal imports to rise from 43.1 MT in FY07 to 83.3 MT by 2012 and container growth in India in the coming years to be over 10% (annually), SCI sees a lot of opportunities to improve its capacity. SCI plans to ramp up its capacity to 10 million DWT by acquiring vessels in the next six years.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 305.85 |
| GE Shipping | 1425.30 |
| Dredging Corp | 976.65 |
| Seamec | 1556.00 |
| Shreeji Ship.Global | 377.10 |
| View more.. | |
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