shipping corporation of India Ltd

The collaboration, initiated under the aegis of the Ministry of Ports, Shipping and Waterways (MoPSW) and the Ministry of Petroleum and Natural Gas (MoPNG), is aimed at building and operating a fleet of vessels to strengthen India's shipping infrastructure and energy security under the Atmanirbhar Bharat initiative. Under the MoU, the four entities will jointly acquire, own, operate, and manage vessels that will be deployed for both international trade and coastal transportation of petroleum, petroleum products, petrochemicals, and other hydrocarbon cargoes. Bharat Petroleum Corporation (BPCL) is the second largest Indian oil marketing company (OMC), engaged in the refining of crude oil and marketing of petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted 'Maharatna' status, joining the elite club of companies having greater operational & financial autonomy. HPCL is engaged in the refining of crude oil and the marketing of petroleum products. It operates through two segments: downstream and exploration and production of hydrocarbons. Indian Oil Corporation is an Indian government-owned oil and gas explorer and producer. On the BSE, shares of Bharat Petroleum Corporation declined 0.14% to Rs 329.10, while Hindustan Petroleum Corporation gained 0.69% to Rs 415.90. Indian Oil Corporation slipped 0.21% to Rs 148.19. Powered by Capital Market - Live

Shipping Corporation of India announced that as part of the Government of India's initiative through the Ministry of Ports, Shipping and Waterways (MoPSW) and the Ministry of Petroleum and Natural Gas (MoPNG), the Shipping Corporation of India (SCI) has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), and Indian Oil Corporation  (IOCL). The purpose of this collaboration is to build and operate fleet together that will support the vision of Atmanirbhar Bharat, strengthen India's shipping capacity, and improve country's energy security. Under this MoU, companies plans to jointly acquire, own, operate, and manage vessels. These vessels shall be used for international trade as well as coastal transport of petroleum, petroleum products, petrochemicals, and other hydrocarbon cargoes.Powered by Capital Market - Live

Shipping Corporation of India announced that the 75th Annual General Meeting(AGM) of the company will be held on 19 September 2025.Powered by Capital Market - Live

Shipping Corporation of India has fixed 05 September 2025 as record date for payment of dividend of Rs 6.59 per share of face value of Rs 10 each. Powered by Capital Market - Live

However, revenue from operations declined 13.09% year on year to Rs 1,316.04 crore in the quarter ended 30 June 2025. Profit before tax (PBT) stood at Rs 366.21 crore in Q1 FY26, up 22.76%, compared to Rs 298.3 crore recorded in Q1 FY25. Total expenses decreased 12.45% year on year to Rs 1,107.22 crore in Q1 FY26. The cost of service rendered stood at Rs 689.66 crore (down 19.34% YoY), employee benefit expense was at Rs 127.08 crore (up 6.43% YoY) and finance cost stood at Rs 30.52 crore (down 24.45% YoY) during the period under review. On segmental front, revenue from Liner stood at Rs 200.87 crore (down 7.96% YoY), revenue from bulk carriers stood at Rs 132.64 crore (down 47.09% YoY), revenue from tankers stood at Rs 913.28 crore (down 6.83% YoY) and revenue from technical & offshore stood at Rs 72.33 crore (down 6.44% YoY), during the quarter. Shipping Corporation of India is engaged involved in business of transporting goods and passengers. Shares of Shipping Corporation of India shed 0.50% to Rs 200.95 on the BSE. Powered by Capital Market - Live

Net profit of Shipping Corporation of India rose 21.51% to Rs 354.17 crore in the quarter ended June 2025 as against Rs 291.48 crore during the previous quarter ended June 2024. Sales declined 13.09% to Rs 1316.04 crore in the quarter ended June 2025 as against Rs 1514.27 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales1316.041514.27 -13 OPM %37.1633.66 - PBDT615.92518.00 19 PBT366.27298.30 23 NP354.17291.48 22 Powered by Capital Market - Live

Shipping Corporation of India will hold a meeting of the Board of Directors of the Company on 8 August 2025.Powered by Capital Market - Live

As part of Shipping Corporation of India's (SCI) business expansion plans and to augment the Company's tonnage capacity, SCI has executed a Memorandum of Agreement (MoA) on 04 July 2025 for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) having a cargo carrying capacity of approximately 82,000 CBM. These two VLGCs are expected to be inducted into the SCI's fleet during the current quarter of FY 2025-26. Powered by Capital Market - Live

Prince Pipes & Fittings Ltd, Jubilant Ingrevia Ltd, Vesuvius India Ltd and Hindustan Zinc Ltd are among the other losers in the BSE's 'A' group today, 17 June 2025.Shipping Corporation of India Ltd crashed 7.73% to Rs 217.25 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 17.45 lakh shares were traded on the counter so far as against the average daily volumes of 9.64 lakh shares in the past one month.Prince Pipes & Fittings Ltd tumbled 6.22% to Rs 359.8. The stock was the second biggest loser in 'A' group.On the BSE, 1.4 lakh shares were traded on the counter so far as against the average daily volumes of 75190 shares in the past one month.Jubilant Ingrevia Ltd lost 5.85% to Rs 731. The stock was the third biggest loser in 'A' group.On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 93431 shares in the past one month.Vesuvius India Ltd shed 5.69% to Rs 556.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 26315 shares were traded on the counter so far as against the average daily volumes of 8924 shares in the past one month.Hindustan Zinc Ltd fell 5.22% to Rs 486.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 6.28 lakh shares were traded on the counter so far as against the average daily volumes of 3.67 lakh shares in the past one month.Powered by Capital Market - Live

The Baltic Dry Index (BDI), a global benchmark that tracks the cost of transporting dry bulk commodities like coal, iron ore, and grains, jumped 9.6% to 1,904, marking its highest level since October 7. The rally in BDI reflects strong activity in global trade routes. On the back of this, Shipping Corporation of India (SCI) (up 5.16%), Velox Shipping and Logistics (up 5%) and Great Eastern Shipping Company (up 2.63%) surged. A rising BDI typically boosts earnings potential for shipping companies as it directly translates into higher freight revenues per voyage. Powered by Capital Market - Live