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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.

Shipping Corpn. Share Price

305.85 16.65 (5.76%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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