SCI slips as its offshore supply vessel sinks off Mumbai coast

22 Nov 2017 Evaluate

Shipping Corporation of India (SCI) is currently trading at Rs. 92.70, up by 0.40 points or 0.43% from its previous closing of Rs. 93.10 on the BSE.

The scrip opened at Rs. 93.00 and has touched a high and low of Rs. 94.25 and Rs. 91.00 respectively. So far 93,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.50 on 02-Nov-2017 and a 52 week low of Rs. 55.75 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 94.35 and Rs. 88.15 respectively. The current market cap of the company is Rs. 4,318 crore.

The promoters holding in the company stood at 63.75%, while Institutions and Non-Institutions held 22.90% and 13.35% respectively.

Shipping Corporation of India’s offshore supply vessel has reportedly sunk off the Mumbai coast on November 21. The SCI Ratna was contracted with the Oil and Natural Gas Corporation (ONGC) to support its oil exploration operations at the Bombay High. The ship sunk at around 100 nautical miles west of the city in waters which are about 70-80 metres deep. The 2,039 -tonne ship was built in 2011 and had a length of 64 metres.

The initial assessment is pointing towards ingress of water into the engine room as a possible reason for the sinking. All the crew members were immediately rescued by another vessel operating in close vicinity.

SCI is the only Indian shipping company operating break-bulk service, international container service, liquid / dry bulk service, offshore service, passenger service, in addition to manning / managing a large number of vessels on behalf of various government departments and organizations.


Shipping Corpn. Share Price

247.40 4.80 (1.98%)
11-Jun-2024 14:14 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 247.40
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