Proposed SCI Unit Demerger Exempted from Stamp Duty

30 Oct 2023 CW Team

The Indian government has announced that stamp duty will be waived for the demerger of Shipping Corporation of India's (SCI) unit. This exemption is aimed at facilitating the demerger process and ensuring its smooth and cost-effective execution.

The demerger of SCI's unit is a strategic move by the company to streamline its operations and create a separate entity that can focus on specific business areas. By doing so, SCI aims to enhance its efficiency and profitability, while also providing better value to its stakeholders.

The decision to exempt stamp duty on the demerger is in line with the government's commitment to promote ease of doing business, reduce unnecessary costs, and optimize the utilization of resources. Stamp duty is a levied tax on certain legal documents, including agreements, transfers, and sale deeds. The exemption from this duty will significantly reduce the financial burden on SCI during the demerger process.

This exemption is expected to attract more companies to consider similar restructuring initiatives, leading to increased efficiency and competitiveness across various sectors. It demonstrates the government's proactive approach in supporting businesses

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..