Shipping Corporation of India

The Shipping Corporation of India (SCI) is a Government of India Public Sector Enterprise with its headquarters in Mumbai, Maharashtra, India[4] that operates and manages vessels that services both national and international lines.

Shipping Corporation of India
BSE: 523598
NSE: SCI
TypePublic Sector Undertaking
IndustryShipping
FoundedMumbai, 2 October 1961 (1961-10-02)
HeadquartersMumbai
Key people
Mrs H.K Joshi
(Chairman & MD)
Revenue₹4,425.44 crore (US$620 million) (2020)[1]
₹711.64 crore (US$100 million) (2020)[1]
₹302.35 crore (US$42 million) (2020)[1]
Total assets₹13,733.12 crore (US$1.9 billion) (2020)[1]
Total equity₹7,298.18 crore (US$1.0 billion) (2020)[1]
OwnerGovernment of India (63.75%)[2]
Number of employees
675 (July 2019)[3]
Websiteshipindia.com

History
SCI Head Office at Nariman Point Mumbai

SCI was established on 2 October 1961 by the amalgamation of 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.[5]

SCI started out with 19 vessels. 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.[6]

Services
  • Cruise liner and Passenger services
  • Bulk carrier and tanker services
  • Offshore services

Major clients

See also

References
  1. "Balance Sheet 31.03.2020".
  2. "Latest Shareholding Pattern - Shipping Corporation of India Ltd". trendlyne.com. Retrieved 29 July 2020.
  3. shipindia.com/upload/investorsubpage/69thAnnualReport2018-2019_On_website.pdf
  4. Archived 10 December 2008 at the Wayback Machine
  5. Archived 15 December 2009 at the Wayback Machine
  6. Arup Roychoudhury. "Privatisation push: Cabinet approves strategic sale of BPCL, 4 other PSUs | Business Standard News". Business Standard. Retrieved 13 May 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.