Who bought Shipping Corporation of India?
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Who bought Shipping Corporation of India?
The Safesea Group has received the green signal to bid for Shipping Corporation of India (SCI), and will be given access to the company’s confidential financial data along with other bidders on Monday.
Is Sci going to be Privatised?
Four more PSUs BPCL, SCI, BEML, NINL will be privatised by Q4 along with LIC IPO: DIPAM Secy. DIPAM secretary Tuhin Kanta Pandey said, “We intend to do privatisation of BPCL, BEML, SCI, Neelanchal Ispat this year.
What happened to Shipping Corporation of India?
It gradually metamorphosed into a conglomerate having 80 ships of 59 lakh (5.9 million) tonnes deadweight (DWT) with interests in different segments of the shipping trade. On 21 November 2019, the Government of India approved the privatisation of SCI.
Who is bidding for Shipping Corporation of India?
London-based Foresight Group had put together a three-member consortium in March to bid for Shipping Corporation of India. The third member is Dubai-based GMS DMCC. The consortium had submitted an expression of interest and was subsequently shortlisted in May.
Who bought SCI?
Government of India
Shipping Corporation of India
| Trade name | BSE: 523598 NSE: SCI |
|---|---|
| Total equity | ₹7,298.18 crore (US$970 million) (2020) |
| Owner | Government of India (63.75\%) |
| Number of employees | 675 (July 2019) |
| Website | shipindia.com |
How many ships does Shipping Corporation of India have?
2014 with substantial interests in 10 different segments of the shipping trade. The Shipping Corporation of India was established on 2nd October 1961 by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation….RTI.
| Type of Vessels | Number of Vessels (Owned and Managed) |
|---|---|
| Total Ships | 111 |
What does the Shipping Corporation of India do?
The SCI is today the only Indian shipping Company operating: break-bulk services, international container services, liquid/dry bulk services, offshore services, passenger services. In addition, the SCI mans and manages a large number of vessels on behalf of various government departments and organizations.